IO River Raises $5.4M in Funding

IO River

IO River, a Tel Aviv, Israel-based provider a multi-CDN-as-a-Service platform, raised $5.4M in funding.

The round was led by S CapitalĀ with participation fromĀ Aryeh MergiĀ (co-founder of XtremIO, M-Systems and Jeeng) andĀ Ronni ZehaviĀ (co-founder of HiBob and Cotendo).

The company intends to use the funds to expand operations and development efforts.

Founded by Edward Tsinovoi andĀ Michael Hakimi, IO River provides a user interface and API for configuring and controlling multiple edge networks, making them feel like a single super-network. Organizations can bring their existing providers into it, and add additional vendors without going through complicated migration and configuration processes. Companies can choose which edge network to use for different users, defining rules that optimize performance and cost based on the user location, type of traffic and other factors.

IO River also offers application services in a unified layer across multiple edge vendors, including web application firewall (WAF), rate limiting, traffic control and edge computing.

Commenting on the news, Edward Tsinovoi said: “Every edge provider has its unique benefits. But customers should be able to take advantage of all of the benefits without being locked into a single provider. IO River gives organizations the best blend of speed, reliability and cost, all in one place in a simple, single context that lets organizations run multiple edge networks as if they were managing just one.

FinSMEs

15/03/2024