IO River raises $5.4 million Seed round to optimize Internet content delivery
IO River raises $5.4 million Seed round to optimize Internet content delivery
The Israeli startup’s platform for managing multiple edge platforms ensures that users get the fastest, most cost-effective content served automatically by the optimal edge locations
IO River announced $5.4 million in Seed funding on Wednesday. The startup’s solution enables online services companies to operate effectively across multiple edge platforms, achieving top performance, reliability, and cost efficiency with no additional layer or latency. The platform already serves more than 100 petabytes of traffic a month.
The Seed round was led by S Capital with the participation of other investors, including Aryeh Mergi (co-founder of XtremIO, M-Systems and Jeeng) and Ronni Zehavi (co-founder of HiBob and Cotendo).
IO River was founded by Edward Tsinovoi and Michael Hakimi, two veterans of leading CDN company Akamai. The company, based in Tel Aviv, is an alumnus of the Intel Ignite deep tech accelerator program.
Today, Internet companies use a content delivery network (CDN) to ensure that users around the world can access content quickly and cheaply. The CDN market is dominated by a few big players, which have variable pricing, capabilities and performance depending on the region. A single network is also a single point of failure in case of an outage, leading some companies to explore using multiple edge networks instead of just one CDN vendor. However, this is very difficult with existing tools, forcing organizations to manage each service separately.
IO River’s platform for managing multiple edge platforms ensures that users get the fastest, most cost-effective content served automatically by the optimal edge locations. According to the company, it ensures Five Nines (99.999%) availability, improves performance by up to 50% and reduces delivery costs by up to 40%.
“The largest content providers in the world don’t rely on a single content delivery network,” said Michael Hakimi, co-founder and CTO of IO River. “They use multiple edge vendors, managed by fancy in-house tools to improve cost and performance. We wanted to bring that capability to everyone.”
Edward Tsinovoi, co-founder and CEO of IO River, said “Every edge provider has its unique benefits. But customers should be able to take advantage of all of the benefits without being locked into a single provider. IO River gives organizations the best blend of speed, reliability and cost, all in one place in a simple, single context that lets organizations run multiple edge networks as if they were managing just one.”
