French Cedexis raises $ 22 million to accelerate in Middle East and Asia
The Franco-American start-up Cedexis, which specializes in optimizing the loading of web pages and mobile applications, has just raised $ 22.8 million (around € 21 million) from Ginko Ventures (a subsidiary of Foxconn Technology) as the main investor, as well as NGP and Citrix Systems Ventures. Several historical investors of the company also participated in this funding round, including Advanced Technology Ventures and Madrona Ventures.
In all, the negotiations, without signature, lasted three weeks, explains to Frenchweb its co-founder. As a reminder, the last operation of the company dates back to 2011 with a fundraising of 6 million euros. In total, more than 30 million received the company.
Strengthening in the Middle East and Asia
Founded in 2009 by Julien Coulon and Marty Kagan, Cedexis develops monitoring solutions for websites, mobile applications and videos in order to “optimize in real time the routing of traffic at the global level to cloud providers, CDN or data centers the most efficient ”. The objective: to increase the speed of content loading. For this, the company claims to collect 7 billion pieces of data every day to monitor the state of internet traffic.
The company now has more than 1,000 clients, including the financial information agency Bloomberg, Microsoft, LinkedIn, Samsung, Lenovo, as well as France Télévisions and AccorHotels in France. With this new investment, Cedexis wants to develop its activity in the Middle East and Asia. New recruitments are also planned. More details with Julien Coulon, cofounder of Cedexis.
Founders: Julien Coulon and Marty Kagan,
Headquarters : Paris (France) and Portland (USA)
Offices: London (United Kingdom), New York (USA), San Francisco (USA), Los Angeles (USA) and Tel Aviv (Israel)
Activity: traffic monitoring
Effective : 60 people
Funding: over $ 30 million raised since inception