Cedexis closes $22MN in Series B


Details

Michelle Clancy

| 27 January 2016




Cedexis has closed a $22 million Series B financing round, bringing total company funding to $33 million.



The company partners with all leading CDN, cloud, hosting and APM providers, globally, aiming to establish the world’s largest performance community focused on improving Internet performance. Cedexis’s customer base is approaching 1,000 global enterprises and includes brands like Accor Hotels, Airbus, Bloomberg, Cartier, Comcast, LinkedIn, Microsoft, Mozilla, Nissan, PBS, Tumblr and Shutterstock.

The investment will support global growth as well as broadening of solutions for accelerating over-the-top (OTT) video, software-as-a-service (SaaS) and Web application delivery. Cedexis also will be increasing investments and hiring in engineering, marketing and sales.

“The Web is now at the core of value delivery in almost every industry making Web performance mission critical for most enterprises,” said Scott Grout, CEO, Cedexis. “Cedexis dramatically increases an enterprise’s ability to improve their users’ quality of experience (QoE) over shared ‘best effort’ networks and clouds.”

He added: “We have a very unique approach of crowd-sourcing billions of daily end-user measurements from a shared community of hundreds of participating global enterprises. This data set yields unprecedented real-time visibility into global Web performance which we then use to optimally route users across multiple networks (CDNs), clouds or data centres dramatically improving their experiences. This increases consumer engagement and measurably improves business results for the enterprise.”

Ginko Ventures led the round, with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures as well as Cedexis’ Series A investors, Advanced Technology Ventures and Madrona Ventures.