Uploadcare, a Palo Alto, CA-based cloud platform innovating the Content Delivery Network (CDN) market through Bi-Directional technology, secured $1.7m in funding.
The round was co-led by Runa Capital and Vendep Capital, which will join existing investors Vaizra Capital and LVL1 Group.
The company intends to use the funds for the acquisition of Blinkloader, a content optimization platform that speeds up content delivery and allows developers to comply with new web performance and industry-specific privacy requirements.
Led by Igor Debatur, Founder and CEO, Uploadcare combines adaptive content delivery with high-speed origin services, using AI to optimize files, images, and videos based on each specific end-users’ device, browser, and network connection. Its Bi-Directional CDN technology encompasses the entire content handling lifecycle to accelerate content uploads, reduce traffic costs by 62%, and deliver content nine times faster than traditional CDN platforms.
Over 3800 global customers are currently using Uploadcare as their go-to solution for smart content handling including Mozilla, 2U Inc, L’Oréal, Universe and Prezly, as well as YCombinator-backed companies like Shogun, Openland and Faros.
The company also has offices in Vancouver, Canada, and Rotterdam, Netherlands.