Yottaa taps $16m in funding as it looks to speed up the mobile experience for its business customers

Arvind Sodhani. Photo taken from Intel Capital’s website.
Arvind Sodhani. Photo taken from Intel Capital’s website.

Yottaa Inc., a Boston-based company providing Web optimization services, said Wednesday that it has closed a $16 million financing round led by new investor Intel Capital.

Together with investments made by the existing investors General Catalyst Partners and Stata Venture Partners, the company has raised $30 million in funding as it looks to accelerate the online experiences for businesses across the wired and wireless Web.

Yottaa has described its offering as an “easy-to-use cloud service that brings speed, scale, and security” to a business customer’s website. With Yottaa’s services, a customer’s website can achieve faster page loads and enjoy higher search engine rankings, while being protected from failures that result from heavy traffic, the company claims.

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Current Yottaa customers include BNY Mellon, Liberty Mutual, H&R Block, and Chili’s.

According to Yottaa, the challenge for many businesses today is fulfilling the multi-screen needs of consumers. Complicating matters is the fact that consumers are using a wide variety of devices to access information. Meanwhile, more than 50 percent of traffic for some Web applications is coming from mobile devices. Yottaa claims that its performance platform can tame this chaotic environment for business customers.

“Yottaa sits at the convergence of two of the biggest trends in technology today: mobile and cloud,” Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp., said in a statement. “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.”