Yottaa Raises $16 Million Led By Intel Capital
Based in Boston, Yottaa is a security infrastructure company that has raised $16 million in funding led by Intel Capital. With investments from General Catalyst Partners and Stata Venture Partners, Yottaa has raised $30 million. Yottaa plans to using the funding to accelerate the online experiences for wired and wireless connections for businesses.
As many web applications have grown to over 50% of traffic coming from mobile devices, businesses need to help fulfill multi-screen needs. Because of the diversity of mobile devices, unreliable last mile networks, and a range of browsers, the online experience suffers. The first step to fixing the issue are through the use of content delivery networks (CDN). These solutions are not enough though.
“Yottaa sits at the convergence of two of the biggest trends in technology today: mobile and cloud,” stated Intel Capital executive vice president Arvind Sodhani. “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.”
Yottaa makes it easier to set up a great online experience across multiple businesses, devices, platforms, etc. It can also extend performance by an additional 30-80% for existing CDN-powered and non-CDN powered websites.