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Intel Capital backs web optimisation specialist Yottaa

10 Jul 2013

computer2_lrgIntel’s venture capital arm Intel Capital has thrown its support behind web optimisation specialist Yottaa with a $16m investment.

The latest investment brings the company’s fundraising total to $30m. Yottaa’s existing backers include General Catalyst Partners and Stata Venture Partners.

The company said its platform extends performance for an additional 30 to 80 per cent for both existing content delivery networks (CDN)-powered sites and non-CDN powered sites.

Yottaa has secured two patents over the past 18 months with many more pending.

Intel Capital president Arvind Sodhani said, “Yottaa sits at the convergence of two of the biggest trends in technology today: mobile and cloud.

“Intel Capital looks forward to supporting Yottaa with enterprise customer access and technology collaboration to accelerate adoption of Yottaa’s market-leading cloud and mobile optimization solutions.”

Last month Intel Capital led a $13.5m Series B financing round for tablet-based restaurant food ordering system E la Carte.

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