Tuesday, January 26, 2016

Cedexis Raises $22 Million for Internet Measurement/Optimization Tools

Cedexis, a start-up based in Portland, Oregon, raised $22 million in Series B funding for its Internet measurement and optimization tools.

Cedexis provides web-scale, end-user-experience monitoring and real-time traffic routing across multiple clouds and networks. Cedexis Radar crowd sources billions of real user measurements (RUM) a day from a community of nearly 1,000 enterprises. Cedexis Radar provides real-time visibility into how cloud/network performance is impacting the experience of web and mobile application users. Cedexis Openmix then uses this insight to route traffic for best performance, or availability, or cost, or any mix of the three. Cedexis Impact then demonstrates the real-world correlation of end-user performance to business KPIs, enabling enterprises to maximize web performance returns.

The funding was led by Ginko Ventures with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures as well as Cedexis' Series A investors, Advanced Technology Ventures and Madrona Ventures. This brings total company funding to $33 million.

"The web is now at the core of value delivery in almost every industry, making web performance mission critical for most enterprises. Cedexis dramatically increases an enterprise's ability to improve their users' Quality of Experience (QoE) over shared 'best effort' networks and clouds," said Scott Grout, CEO of Cedexis. "We have a very unique approach of crowd-sourcing billions of daily end-user measurements from a shared community of hundreds of participating global enterprises.  This data set yields unprecedented real-time visibility into global web performance which we then use to optimally route users across multiple networks (CDNs), clouds or data centers dramatically improving their experiences. This increases consumer engagement and measurably improves business results for the enterprise."

http://www.cedexis.com

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