Instart Logic, a Palo Alto, CA-based provider of cloud, web and mobile application performance, consumer experience and security solutions, raised $30m in funding.
The round, which brings total equity funding to date to $140m, was led by ST Telemedia (STT).
ST Telemedia joined existing investors Geodesic Capital, Stanford-StartX Fund, Harris Barton Asset Management, Hermes Growth Partners, Andreessen Horowitz, Four Rivers Group, Kleiner Perkins Caufield & Byers, Tenaya Capital, and Telstra Ventures.
The new funds will be used to further global expansion and extend the company’s digital experience platform.
Led by Manav Mital, chief executive officer and founder, Instart Logic provides a cloud-based, artificial intelligence driven platform for global brands to increase their online performance. It connects with customers’ cloud, web and mobile applications with consumers’ devices and automatically improves performance, consumer experience and security.
Currently processing more than 10 billion transactions a day, the platform includes applications for cloud, web and mobile application performance optimization, image optimization, digital advertising and marketing analytics recovery, web application firewall, DDOS protection, and bot management and security. Features include unified management, reporting and analytics, open APIs, and 24x7x365 operations and support.