Mark Sherman, managing director of Telstra Ventures, said: "We are looking forward to working with Instart Logic to apply their technology in our business."

Instart Logic, a US-based provider of application delivery services, has raised $45m in its series D round from a consortium including Telstra Ventures, the corporate venturing unit of Australia’s eponymous telecom provider.

Geodesic Capital led the D round, which also included other new investors, including university Stanford’s StartX Fund and fund manager Harris Barton Asset Management, and participation from existing investors, including VC firms Hermes Growth Partners, Andreessen Horowitz, Four Rivers Group, Kleiner Perkins Caufield & Byers (KPCB), and Tenaya…