Peer5, a Palo Alto, CA and Tel Aviv, Israel based internet infrastructure company focused on improving mobile and internet content delivery, received a strategic seed round investment of undisclosed amount.
Backers included Tapinator, Inc. (OTC: TAPM), Hillsven, a $40M seed venture capital firm focused primarily on Silicon Valley and Israeli startups, and FG Angels, the angel investment arm of Foundry Group.
The company intends to use the funds to expand operations.
Co-founded by Hadar Weiss, CEO, and Shachar Zohar, CTO, Peer5 provides a hybrid platform that uses both HTTP and P2P mesh networks to optimize content delivery, increasing user engagement by making file transfers faster. The mesh network and P2P offloading system also reduces bandwidth usage.