SOURCE: Teridion

Teridion

September 30, 2015 07:30 ET

Teridion Announces $20M in Total Funding to Speed Up Internet Performance by up to 20 Times

Series B Investment Led by Singtel Innov8, With Existing Investors JVP and Magma, to Accelerate Adoption of Teridion's Advanced Cloud-Based Networking Platform

SAN FRANCISCO, CA--(Marketwired - Sep 30, 2015) - Teridion, the cloud-based networking company that delivers the fastest Internet experience, today announced general availability of its advanced Global Cloud Network to provide up to 20x performance improvement for end-user generated bi-directional Internet content. The company's solution is currently being used by more than 15 companies spanning some of the most bandwidth-demanding applications and services, such as hosting and file sharing, rich media and advertising. Teridion also announced a total of $20 million in funding, having closed a $15 million Series B round of financing led by Singtel Innov8. Existing investors JVP and Magma also participated in the round. With the general availability of its flagship product and funding, the company will accelerate its go-to-market strategy and grow its team both in the US and internationally.

"The Internet is an incredibly powerful tool, but until now, we have struggled to take full advantage of its capabilities. It's still common for us to fall victim to slow response times and volatile connections," said Elad Rave, founder and CEO of Teridion. "We are breaking down these boundaries and providing users with a seamless Internet experience -- no matter their location, device or application. It's our goal for our SaaS customers to be able to generate additional customer loyalty, and the funding and general availability of our product are major steps in this direction."

Meeting the Demands of Modern Applications and Services
Today's applications and services need to deliver content to users at unprecedented speeds, without sacrificing quality or reliability. As these technologies continue to advance, the effectiveness of traditional content delivery and WAN optimization approaches are diminishing. Teridion solves this fundamental problem by providing a high performance, reliable Internet experience that addresses the low latency, highly dynamic applications brought to market everyday. Early customer deployments have shown up to 20x improvement in Internet performance, offering an opportunity for organizations to build applications without compromise. With Teridion, businesses achieve new levels of customer engagement and retention, ultimately driving up revenue.

"Enterprise businesses rely on the flexibility of the Egnyte platform to securely share files, collaborate and maintain control over important data, no matter the storage provider, cloud, application or device. We want our customers to be freed from worrying about Internet connectivity or their geographical location," said Kris Lahiri, vice president of operations and chief security officer at Egnyte. "Fast response times and always-on reliability are vital to IT professionals and business users alike, and Teridion helps us consistently deliver high performance across our solutions and services."

Teridion is able to achieve this speed and reliability on SoftLayer infrastructure from IBM Cloud. Through the IBM Global Entrepreneur Program, IBM Cloud's startup ecosystem, Teridion has received free mentoring, support and SoftLayer infrastructure via the program's Catalyst option.

"By supporting startups like Teridion, IBM continues to reinforce its commitment to provide entrepreneurs with the mentoring and cloud technology they need to bring next generation technologies to market quickly," said Sandy Carter, general manager for IBM Cloud's ecosystem and developers. "Because IBM Cloud infrastructure is flexible, reliable and globally dispersed, it's a great foundation for Teridion, which manages a large volume of traffic in order to deliver fast Internet response times to end users around the world."

Designed for bi-directional, user-generated Internet content, Teridion features:

  • The Teridion Global Cloud Network - Bringing intelligent routing to the cloud. Proprietary algorithms and the Teridion Management System, in conjunction with Teridion Measurement Agents, provide a real-time congestion map of the Internet to find the best possible path, taking into account bandwidth, latency and geography.
  • High performance, low latency - Up to 20x Internet performance improvements, enabling users to rethink what's possible online.
  • Unparalleled flexibility - Teridion Cloud Routers are created on demand, providing scalability and enabling users to only pay for the resources consumed. The solution works with the largest cloud providers in the world to ensure the speed and reliability of traffic, without requiring customers to leave their cloud provider.
  • Bolstered security - Teridion does not cache users' data, and end-to-end SSL encryption with no termination secures data across the network.
  • Simple onboarding - With no hardware or software to install, and quick and easy provisioning, a typical cloud customer can be connected to the network in under an hour.

The solution is now available, and is priced based on data volume or users. For more information on Teridion's solution, please visit www.teridion.com.

Supporting Quotes

  • "We offer a breakthrough cloud-based translation service that relies on an exceptional user experience," said Itay Sagie, co-founder of Lexifone. "The Teridion network permits us to extend our services globally without excessive infrastructure build out and cost. We can now develop our applications knowing that the network just works."

  • "DigitalOcean's core mission is to simplify cloud infrastructure for the developer community. We're excited to see Teridion focus on the same goal by simplifying content delivery across the core of the Internet, offering a service that doesn't rely on caching," said Edward Chiu, director, customer success at DigitalOcean.

  • "Current approaches to content delivery rely on traditional CDNs, optimized for Web traffic, or WAN acceleration and SD-WAN, limited mostly to the enterprise," said Zeus Kerravala, principal analyst at ZK Research. "Teridion for the first time combines the best of both worlds with a solution that operates at the IP layer, handling any application, and extends to the end-user regardless of location or device."

  • "Teridion is disrupting a 20-year old approach to content delivery with a product that, simply put, makes the Internet much faster," said Jeff Karras, managing director at Singtel Innov8. "We're excited to help Teridion grow, while also adopting its technology to create a faster, more seamless Internet experience for the Singtel Group's customers."

About Teridion
Teridion is redefining content delivery by bringing a personalized Internet experience to businesses and their users across the globe, while still leveraging the public Internet. With Teridion's Global Cloud Network, businesses experience up to 20x Internet performance improvements -- videos stream faster, Web conferences run seamlessly, files upload quicker and games are more enjoyable. As a result, businesses benefit from increased customer satisfaction and retention, ultimately driving up revenue. To provide peak performance and reliability, Teridion directs traffic to the best entry point for each end-user by leveraging its proprietary algorithms. Unlike traditional content delivery networks, the Teridion solution may be provisioned in a matter of minutes, scales on-demand and is not limited by geography or cloud provider. With no caching of data, security and compliance issues are alleviated.

Teridion is a privately held company and is headquartered in San Francisco. For more information, please visit: http://www.teridion.com/

Contact Information

  • Contacts
    Gabe Taylor
    LEWIS PR for Teridion
    Email Contact
    (415) 432-2463