Cedexis, a Portland, Oregon-based provider of Internet measurement and optimization solutions, closed a $22m Series B financing round.
The round was led by Ginko Ventures with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures as well as existing investors Advanced Technology Ventures and Madrona Ventures.
The company, which has also secured a $770K business development loan from bpifrance, a French investment bank, intends to use the funds to accelerate global growth as well as to broaden solutions for advancing over-the-top (OTT) video, Software-as-a-Service (SaaS) services and web application delivery.
Led by Scott Grout, CEO, Cedexis provides web-scale, end-user-experience monitoring and real-time traffic routing across multiple clouds and networks.
The company’s solutions via:
– Cedexis Radar, which crowd sources billions of real user measurements (RUM) a day from a community of nearly 1,000 enterprises providing real-time visibility into how cloud/network performance is impacting the experience of web and mobile application users,
– Cedexis Openmix, which then uses this insight to route traffic for best performance, or availability, or cost, or any mix of the three, and
– Cedexis Impact, which finally demonstrates the real-world correlation of end-user performance to business KPIs, enabling enterprises to maximize web performance returns.
Cedexis’s platform is used by nearly 1,000 global brands including Accor Hotels, Airbus, Bloomberg, LinkedIn, Microsoft, PBS, Tumblr, Cartier, Comcast, LinkedIn, Mozilla, Nissan and Shutterstock.
The company, which also has offices in Paris, France, San Francisco, CA, Brooklyn, NY and London, UK, also partners with all leading CDN, cloud, hosting and APM providers, globally.