The Stanford-StartX fund-backed cloud computing optimisation platform has brought in $30m in a round that took its total funding to $140m.
Instart Logic, a US-based cloud computing optimisation platform backed by the Stanford University-backed Stanford-StartX fund, has closed a $30m funding round led by ST Telemedia, a subsidiary of Singapore state-owned investment firm Temasek.
ST Telemedia invests in the communications, media and technology sectors.
Instart Logic has developed an artificial intelligence-powered, cloud-based digital experience platform that performs numerous functions for businesses including performance and image optimisation, bot management, digital advertising and analytics.
The company said the round boosted its total equity financing to $140m, and the proceeds will be used to continue development of its digital advertising products for publishers.
Stanford-StartX Fund took part in Instart Logic’s last round, a $45m series D in January 2016 featuring Telstra’s corporate venturing arm, Telstra Ventures, as well as Geodesic Capital, Harris Barton Asset Management, Hermes Growth Partners, Andreessen Horowitz, Four Rivers Group, Tenaya Capital and Kleiner Perkins Caufield and Byers.
Manav Mital,…
