Ginko Ventures led the round with participation from Foxconn Nokia Growth Partners NGP Citrix Systems Ventures as well as Cedexis Series A investors Advanced Technology Ventures and Madrona Ventures This latest investment will support immediate opportunities to drive global growth as well as to broaden solutions for accelerating over-the-top OTT video Software-as-a-Service SaaS services and web application delivery
The web is now at the core of value delivery in almost every industry making web performance mission critical for most enterprises Cedexis dramatically increases an enterprise’s ability to improve their users Quality of Experience QoE over shared best effort networks and clouds said Scott Grout CEO of Cedexis We have a very unique approach of crowd-sourcing billions of daily end-user measurements from a shared community of hundreds of participating global enterprises This data set yields unprecedented real-time visibility into global web performance which we then use to optimally route users across multiple networks CDNs clouds or data centers dramatically improving their experiences This increases consumer engagement and measurably improves business results for the enterprise ‘
Global enterprises using Cedexis are at the leading edge of a revolution in how companies proactively manage their value delivery across shared Internet infrastructure said Dominique Pitteloud Managing Director at Ginko Ventures Cedexis focus on improving user QoE and thus increasing enterprise revenues customer retention and conversion rates is impressive continued Mr Pitteloud
Cedexis is at the forefront of the transition to cloud-centric SaaS infrastructure The Cedexis approach of informing their global traffic management solution using crowd-sourced data from the very audiences that utilize their customers web applications is truly novel and differentiated in the marketplace said Andy Cohen VP of Strategic Development of Citrix
With their ability to optimize Internet performance and cost in real-time Cedexis is a real game-changer for enterprises said Bo Ilsoe Managing Partner at NGP With deep roots in both the US and France we are delighted to invest in Cedexis and help accelerate their global expansion ‘
Cedexis customer base is rapidly approaching 1,000 global enterprises and includes major brands such as Accor Hotels Airbus Bloomberg Comcast LinkedIn Microsoft Mozilla Nissan PBS Tumblr and Shutterstock In addition Cedexis partners with all leading CDN cloud hosting and APM providers globally to establish the world’s largest performance community focused on improving Internet performance for billions of users worldwide
In addition to the M in equity financing the company secured a K business development loan from bpifrance a leading French investment bank that actively promotes fast-growing global companies with roots in France The total $22 8 million of new funding will be used to extensively expand the size and global reach of Cedexis as well as to accelerate customer growth Cedexis will be increasing investments and hiring in engineering marketing and sales For more information on Cedexis please visit the company’s website and follow Cedexis on Twitter at @cedexis
About Cedexis
Cedexis provides web-scale end-user-experience monitoring and real-time traffic routing across multiple clouds and networks Cedexis Radar crowd sources billions of real user measurements RUM a day from a community of nearly 1,000 enterprises Cedexis Radar provides real-time visibility into how cloud/network performance is impacting the experience of web and mobile application users Cedexis Openmix then uses this insight to route traffic for best performance or availability or cost or any mix of the three Cedexis Impact then demonstrates the real-world correlation of end-user performance to business KPIs enabling enterprises to maximize web performance returns Cedexis is trusted by nearly 1,000 global brands including Accor Hotels Airbus Cartier Comcast LinkedIn Mozilla Nissan and Shutterstock Cedexis is headquartered in Portland Oregon with offices in Paris France San Francisco CA Brooklyn NY and London UK
About Ginko Ventures
Founded in , Ginko Ventures is a venture capital firm targeting technologies devices and solutions that will improve the way people work play and live We primarily focus on investments in European and Israeli companies whose technologies have the potential to rapidly access global markets Together with our limited partner Foxconn we are also keen on creating tangible industrial leverage for our portfolio companies Our mission is to enable sustainable partnership between industry leaders and amazing entrepreneurs for disruptive innovations and superior value creation For more information visit www ginkopartners com
About Foxconn
Established in , Foxconn Technology Group Foxconn under the leadership of Founder and CEO Terry Gou offers the most competitive production manufacturing technology in the world A recognized global industry leader Foxconn created the 3C OEM service business model eCMMS incorporating vertical integration of mechanical optical and electronic components Foxconn offers many of the world’s leading companies a one-stop integrated manufacturing solution Foxconn has in recent years expanded into technology services providing customers the most comprehensive solutions for their technology and manufacturing needs In addition to maximizing value creation for customers Foxconn is also dedicated to enhancing the concept of environmental protection in the manufacturing process In addition to being a trusted partner for its customers Foxconn is working to be a best-practices model for global enterprises
About Nokia Growth Partners
NGP is an independent fund manager sponsored by Nokia backing entrepreneurs focused on building a connected world NGP offers industry expertise capital and an extensive network enabling entrepreneurs to build disruptive industry-changing companies and taking them to the global market With offices in the US Europe India and China NGP extends the reach of companies making their products and services local everywhere For more information please visit http://www nokiagrowthpartners com
About ATV
Founded in , Advanced Technology Ventures ATV is a bi-coastal venture capital firm with $1 4 billion in capital under management ATV works closely with entrepreneurial teams in several technology markets including Communications Healthcare IT Infrastructure Software and Services to build emerging-growth business ventures into market leaders With more than 35 years of experience ATV has a proven track record of success in helping to build strong sustainable business enterprises
About Madrona
Madrona has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region’s most successful technology ventures The firm invests predominately in seed and Series A rounds across the information technology spectrum including consumer Internet commercial software and services SaaS digital media and advertising networking and cloud computing and mobile www madrona com
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