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 two of the biggest trends in technology today: mobile and cloud. Intel Capital looks forward to supporting Yottaa with enterprise customer access and technology collaboration to accelerate adoption of Yottaa’s market-leading cloud and mobile optimization solutions.”
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Yottaa’s got $16m from Intel
Jul 11, 2013 • Quentin Carruthers
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