Instart Logic calls up Telstra

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 Stanford University’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 Capital.

In May, Instart raised a $43m round from then-new investors Four Rivers Group and Hermes Growth Partners, with participation from existing investors including Andreessen Horowitz, KPCB, and Tenaya Capital.

A year earlier, in May 2014, Instart raised $26m in its C round led by led by KPCB with participation from prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital. Its B round raised $17m in April 2013, taking its then-total funding to $26m.

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

“Given mobility continues to be one of the top trends in the technology space, we are excited to start the year with an investment in Instart Logic. Their end-to-end application delivery platform combines machine learning for performance and security with a CDN [content delivery network] for delivery.

“Instart logic’s platform uses a machine learning based approach to better predict user behaviour, downloading only the relevant aspects of a webpage and enabling users to view and interact with a page before all elements have finished loading. These techniques are highly beneficial in a mobile first world as they can reduce the download size of a typical application by more than 30%.”

– This article was first published on our sister site Global Corporate Venturing.