Yotta, a US-based mobile and web performance platform, has closed a $16m financing round led by new investor Intel Capital, the corporate investment arm of microprocessor maker Intel .

The financing will be used to fuel momentum for Yotta’s mobile performance platform.

Together with investments made by the existing investors, venture capital firms General Catalyst Partners and Stata Venture Partners, the company has raised $30m so far.

Arvind Sodhani, president of Intel Capital, said: “Yottaa sits at the convergence of…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?