Instart Logic raises $17m from four venture firms


dollar 20_sqIT company Instart Logic has secured $17m in Series B financing from four venture firms, taking its total funding raised to date to $26m.

The round was backed by Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital as well as “Silicon Valley leaders”, the company said.

Instart Logic develops a cloud-based service for web publishers, which is aimed at improving web user experience over WiFi and mobile networks.

Andreessen Horowitz partner Peter Levine said, “Today’s web and mobile users expect near instant delivery of applications, but the explosion of apps combined with the proliferation of mobile devices has resulted in debilitating performance issues that degrade the user experience.

“Enter Instart Logic, which has developed a unique and elegant solution that was built from the ground up to resolve the mobile bottleneck and transform the user experience.”

Andreessen Horowitz recently hired former Silicon Graphics executive Ken Coleman as a special advisor to join a team of advisors that already includes former Washington, DC mayor Adrian Fenty and former US Treasury Secretary Larry Summers.

Earlier this month Andreessen Google Ventures and Kleiner Perkins Caufield & Byers said they were teaming up to provide seed funding to entrepreneurs developing applications and hardware for Google Glass.

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