Sunday, July 5, 2015

PubNub Raises $20M for Data Stream Network for Mobile Apps

PubNub, a start-up based in San Francisco, $20 million in Series C funding for advancing its Data Stream Network for mobile applications and IoT.

PubNub's Data Stream Network is specifically designed for secure, realtime communication over the Internet.  It features an easy-to-use API that enables its customers to connect, scale, and manage realtime applications and IoT devices. The company says it delivers 250ms worldwide data transfer times and scalability for hundreds of millions of devices. Data streamed through the PubNub Data Stream Network is instantly replicated to 14 geographically distributed data centers.

The funding round was led by Sapphire Ventures with participation from existing investors, Relay Ventures and Scale Venture Partners.

“The coming explosion in growth of IoT devices combined with the existing massive demand for mobile and web realtime interaction represents an extraordinary market opportunity,” said Todd Greene, CEO of PubNub. “Sapphire Ventures brings deep infrastructure expertise, a shared vision and commitment to our company’s global growth and success evidenced by its market development team. We’re excited to work with Sapphire Ventures, Relay and Scale to achieve our vision to connect every device on the planet in real-time.”