Instart Logic which recorded tremendous growth of more than 500 percent over the past year, 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.
According to Instart, companies such as One Kings Lane, Volcom, Washington Post, Wine.com and Omni Hotels have replaced their existing content delivery network (CDNs) with Instart Logic’s service. The growth in mobile devices, wireless access and application size has created new “last mile” bottlenecks in application performance. For e-commerce, SaaS and media companies, poor application performance leads to lost revenue, user dissatisfaction and fewer page views. Instart Logic’s unique cloud-client platform virtualizes applications on the browser and leverages software intelligence in the cloud to dynamically optimize delivery of application components on demand.
“In less than 12 months, Instart Logic has introduced many of the world’s most performance-obsessed companies to a new way of accelerating their cloud applications. We’ve only scratched the surface of our technology potential, and we are pleased that KPCB is joining us to take our business into the next phase of growth.”
– Manav Mital, CEO, Instart Logic
“Application performance and user experience have never been a more strategic, competitive differentiator. Instart Logic’s application streaming approach is fundamentally different, delivering dramatic results for their customers and making existing content delivery networks obsolete.”
– Marc Zionts, President and CEO, Aicent