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IO River raises $5.4 million in a Seed round led by S Capital to optimize Internet content delivery.

Mar 13, 2024almost 2 years ago

Amount Raised

$5.4 Million

Round Type

seed

Tel AvivInformation TechnologyInternet

Investors

Ronni ZehaviAryeh MergiS Capital

Description

IO River announced a $5.4 million Seed funding round led by S Capital. The startup's platform for managing multiple edge platforms aims to ensure top performance, reliability, and cost efficiency for online services companies. The round also saw the participation of other investors, including Aryeh Mergi and Ronni Zehavi.

Company Information

Company

IO River

Location

Tel Aviv, Tel-Aviv District, Israel

About

IO River is a startup based in Tel Aviv, founded by Edward Tsinovoi and Michael Hakimi, two veterans of leading CDN company Akamai. The company'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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers