Kickstart Ventures Inc., a wholly-owned venture capital unit of Globe Telecom Inc., has invested in Teridion, a cloud-based networking company.
Kickstart joins SingTel Innov8, Jerusalem Venture Partners and Magma Ventures for Teridion’s Series B fund-raising amounting to $20 million, which allows Teridion to accelerate its go-to-market strategy as well as expand its team both in the US and abroad.
Teridion, which becomes the 25th startup in the investment portfolio of Kickstart, offers a fix for content companies, app publishers and other businesses that serve content and apps at scale.
It has deployed a cloud-based optimization service that identifies the best paths for content and apps, and selects these paths so that dynamic content—both uploads and downloads—are delivered up to 20 times faster.
Being a Business-to-Business company, Teridion requires no hardware nor software installation, making deployment much quicker and cost-effective than a traditional content delivery network. This means a typical cloud customer can be connected to the network in under an hour.
“We have confidence in Teridion. We believe that it is the answer to the fast-growing appetite for high performance and reliable Internet experience by today’s applications and services for content delivery—but without sacrificing quality or reliability,” Kickstart president Minette Navarrete said.
“With their network optimization and content acceleration solutions, Teridion is well on its way to becoming an important partner for organizations that need to build highly-dynamic applications without compromise,” she said.
Kickstart and Globe are both committed to help build a digital nation by supporting and maximizing the use of information and communications technology.
“The Internet is an incredibly powerful tool but until now, we have struggled to take full advantage of its capabilities. It is still common for us to fall victim to slow response times and volatile connections,” Teridion chief executive and co-founder Elad Rave Teridion said.
“We are thankful for the trust given by Jerusalem Venture Partners and Magma Ventures, our earliest institutional investors; and our most recent investors, Singtel Innov8 and Kickstart,” he said.
“We are breaking down boundaries and providing users with a seamless Internet experience—no matter their location, device or application so that they can say goodbye to slow response time and volatile connections. The funding and general availability of the company’s product are major steps in this direction. We are extending our sales coverage and channels to Asia Pacific countries,” he added.
Teridion was only formed in 2013 but Rave has been working on the concept for over six years based on his past cloud and video experience. Global headquarters is located in San Francisco while the engineering team is based outside of Tel Aviv, Israel.