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Uploadcare gets $1.7m cash investment to expand CDN
Funding will help bi-directional CDN technology provider to accelerate content delivery speed, reduce internet traffic volume and acquire Blinkloader content optimisation platform
End-to-end cloud platform Uploadcare has announced $1.7m in new funding and says it is now in a position to disrupt the content delivery market.
As well as combining adaptive content delivery with origin services, Uploadcare uses artificial intelligence (AI) to optimise files, images and videos based on specific users’ devices, browsers and network connections. It claims its bi-directional content delivery network (CDN) technology is able to accelerate content uploads, reduce traffic costs and deliver content more quickly than traditional CDN platforms.
The funding round was co-led by Runa Capital and Vendep Capital, joining investors Vaizra Capital and LVL1 Group. Uploadcare will use the funding to fuel its growth plans to further accelerate content delivery speed and reduce internet traffic volume for enterprises.
It will also be used to acquire the Blinkloader content optimisation platform, which speeds up content delivery and allows developers to fully comply with new web performance and industry-specific privacy requirements.
Uploadcare said that by adding such technology and capability to its portfolio, it can enable enterprises to focus on their core business, rather than spending time maintaining file infrastructure.
“In 2016, 44 billion GB of data was created per day and that number is expected to grow to 463 billion GB per day by 2025,” said Igor Debatur, founder and CEO of Uploadcare. We built our next-gen technology from the ground up to create an end-to-end solution that goes above and beyond traditional CDN capabilities.
“By handling the heavy lifting for enterprises, our agile cloud platform enables them to reduce traffic costs and collect content from users worldwide at maximum efficiency and speed. This allows us to continue developing adaptive CDN technologies that are built with the modern developer in mind to offer a superior user experience at the fastest pace possible.
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“We are proud to have the support of our investors as we work to help enterprises of all sizes unlock the next generation of intelligent content handling at scale.”
Dmitry Chikhachev, general partner at Runa Capital, added: “The amount of data that is created per day is rising at a breakneck rate. With its robust infrastructure of delivery networks that span the globe, Uploadcare has quietly become a go-to solution for developers and engineers at some of the world’s largest companies.
“With differentiated technology and a strong leadership team, we believe Uploadcare is well positioned to accelerate its growth and further solidify its leadership in the content delivery market.”