Instart Logic Secures $26 Million in Series C Funding Round, Led by Kleiner Perkins Caufield & Byers
MOUNTAIN VIEW, CA - Instart Logic, the cloud application delivery service for performance-obsessed organizations, today announced it has raised $26 million in an oversubscribed Series C funding to continue the company's rapid sales growth and accelerate product innovation. The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital.
These funds come at a time of exponential growth for Instart Logic, whose customer base has grown by more than 500 percent over the past year. Companies such as One Kings Lane, Volcom, Washington Post, Wine.com, and Omni Hotels and Resorts have replaced their existing content delivery network (CDNs) with Instart Logic's service. Industry influencers have also taken note: Gartner recently named Instart Logic to its list of "Cool Vendors in Web Computing, 2014." With this industry recognition, increasing interest from e-commerce, SaaS and media companies, and the company's unique software technologies, Instart Logic is transforming the multi-billion-dollar market for application delivery solutions. Proceeds from this round will be used to expand sales and marketing and accelerate research and development.
"Application performance and user experience have never been a more strategic, competitive differentiator," said Matt Murphy, general partner, KPCB. "Instart Logic's application streaming approach is fundamentally different, delivering dramatic results for their customers and making existing content delivery networks obsolete."