Wednesday, March 18, 2015

Twin Prime Raises $9.5M for Mobile Data Delivery Optimization

Twin Prime, a start-up based in Redwood City, California, emerged from stealth and announced a $9.5 million Series A funding round for its work in mobile data delivery optimization.

Twin Prime has developed a mobile application acceleration solution for the delivery of dynamic, static and encrypted content on both cellular and Wi-Fi networks. The company claims it is 3X faster for images and 2X faster for video.

The solution does not rely on caching, compression or content modification. It works with current CDNs. Twin Prime's Global Location and Context-based Acceleration Strategy (GLAS) technology utilizes automated hypothesis testing to achieve real-time automatic selection and deployment of optimization strategies customized for specific mobile network characteristics and operating conditions including device, application architecture, network type, quality and location.

“Our customers see increased user engagement on their apps all across the world over both Wi-Fi and cellular networks. What they like about Twin Prime is the ability to optimize and customize acceleration strategies to every app session as its being used,” said Kartik Chandrayana, Chief Executive Officer and Co-founder of Twin Prime. “We are dedicated to providing the next-generation mobile experience. It’s where business has evolved and it’s a greenfield opportunity that we are ready to deliver on.”

The new funding was led by DFJ and True Ventures with participation from Milliways Ventures and Moment Ventures.

  • Twin Prime was founded by Kartik Chandrayana, who previously led engineering teams at Blue Coat Systems and Cisco Systems, and Satish Raghunath, who previously held technical and engineering positions at Juniper Networks and Nortel Networks.

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