Instart Logic, a Palo Alto, CA-based provider of application delivery solutions, closed a $45m Series D funding.
The round was led by new investor Geodesic Capital with participation from new investors Stanford-StartX Fund and Harris Barton Asset Management, existing investors Hermes Growth Partners, Andreessen Horowitz, Four Rivers Group, Kleiner Perkins Caufield & Byers, and Tenaya Capital as well as strategic investor Telstra Ventures, the venture arm of Australian telecom provider Telstra.
The company intends to use the funds to accelerate product capabilities and sales expansion in the US and globally.
Led by Manav Mital, CEO, Chris Smith, vice president of worldwide field operations, and Andrew Bartlam, vice president of EMEA sales, Instart Logic provides a platform which combines machine learning and security with a content delivery network (CDN) for DevOps and mobile-first application delivery on any device.
Instart Logic, which serves organizations worldwide, also formed key strategic partnerships to broaden its technology ecosystem and expand its distribution globally, including Verisign, Magento, ChinaCache and Dyn.