Skyfire Raises $10M in Series D
Skyfire, a Mountain View, Calif.-based provider of mobile video optimization and cloud solutions for mobility, has raised $10m in Series D financing.
The round was led by Panorama Capital, with participation from existing investors Verizon Ventures, Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners.
The company intends to use the capital to increase its its global sales and marketing headcount in London and Silicon Valley offices to expand in Eastern Europe, Japan, Southeast Asia and Australia.
Led by CEO Jeff Glueck, Skyfire offers the Skyfire Rocket Optimizer, a carrier-grade network video and data optimization platform which provides bandwidth savings for wireless operators. The solution is currently being deployed in the US through its Tier One operator client base. Recently, the company also launched the Skyfire Horizon browser extension platform, which allows users to customize their default mobile browsers with extensions, plug-ins, and toolbars similar to how consumers currently personalize their desktop browsers.