Yottaa, a local web and mobile performance optimization platform, announced a new round of funding this morning. The $16 million round, led by Intel Capital, also includes previous investors General Catalyst Partners and Stata Venture Partners. To date, Yottaa has raised $30 million.
The company, headquartered in Boston, aims to improve website performance “30-80%” for businesses that use content delivery networks (such as Akamai) as well as those that do not. Yottaa improves performance speed, creates a better user experience for site visitors, and offers a range of security services including protection from outages, hackers, and “malicious bots,” for companies increasingly reliant on cloud-based and mobile technologies. The company’s greatest asset is the ability to offer its scalable performance improvement products for a wide-range of business sectors, using any device (web or mobile), for any platform.
Having Intel Capital lead the round could be auspicious for Yottaa. As the Silicon Valley Business Journal reported recently, ”Sodhani’s Intel Capital, which has sunk $11 billion into startups since 1991, last year was cited as the most successful VC firm in the world based on the number of IPOs and sales of its portfolio companies in 2012.”
Arvind Sodhani, president of Intel Capital, commented on his fund’s interest in the company in a press release to announce the deal. “Yottaa sits at the convergence of two of the biggest trends in technology today: mobile and cloud.” Sodhani added, “Intel Capital looks forward to supporting Yottaa with enterprise customer access and technology collaboration to accelerate adoption of Yottaa’s market-leading cloud and mobile optimization solutions.”
As the press release noted, Yottaa hopes to use the new round of funding "to accelerate investment in its hybrid cloud network, build its sales and marketing operations, and grow its engineering team in its Boston and Beijing headquarters.”
Coach Wei, Yottaa’s CEO, believes that Yottaa has positioned itself perfectly as a vital optimization resource in the ever-changing landscape of the internet. “First of all, it’s a challenge for businesses to assess their online experiences across this wide diversity of form factors and access networks,” he said, “and an even bigger challenge for them to address performance problems.” Wei added, “The bottleneck has shifted from mid-mile delivery to the last mile network and front end processing.”
“At Yottaa,” Wei explained, “we have built an enterprise-grade web performance automation service that provides end-to-end infrastructure for modern sites and applications.”
Dennis Keohane is a staff writer for VentureFizz. You can follow Dennis on Twitter (@DBKeohane) by clicking here.