June - 2015 - issue > Venture Chakra
Instart Logic Inks $43 Million Expansion Funding
SI Team
Monday, June 1, 2015
Instart Logic, the leading cloud application delivery provider for enhancing websites and applications, closed a $43 million expansion funding round led by new investors, Four Rivers Group and Hermes Growth Partners. The round was also powered by existing investors including Andreessen Horowitz, Kleiner Perkins Caufield and Byers, and Tenaya Capital. The company also stated the addition of Rafael Torres as Chief Financial Officer (CFO), Shailesh Shukla as VP of products and strategy, and Justin Fitzhugh as VP of technical operations. This expansion round comes at an opportune time in the company's growth and will be instrumental in fueling accelerated hiring to meet expanding market demand from large enterprises, doubling down on research and development, and expanding the company's global footprint.
Instart Logic accelerates cloud application delivery for the world's most performance-obsessed organizations. Its unique software-defined application delivery technology solves performance challenges inherent in wireless connections and makes content delivery networks (CDNs) obsolete."Instart Logic has a clear vision for the future of application delivery and we are uniquely positioned to reshape this market," said Manav Mital, founder and CEO at Instart Logic."We are building a world-class team that can develop truly innovative technology and solve customers’ toughest application delivery challenges. Companies globally are switching to Instart Logic and that is great validation and a testament to our strategy and execution."
Using Instart Logic, organizations can provide ultra-fast, visually immersive experiences on any device to maximize revenue, deliver superior customer experiences, and gain competitive advantage.
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