Web Metrics Company Cedexis Raises $22 Million

Portland, Ore.-based software company Cedexis recently raised $22 million in Series B funding, bringing the total outside investment the company has received to $33 million.

In addition, the seven-year-old Cedexis received a $770K business development loan from bpifrance. The company will use the money to increase investments and hiring in engineering, marketing and sales, as well as to drive the company's global growth, broaden solutions for accelerating over-the-top (OTT) video, software as a service (SaaS) and Web app delivery, the company said in a release. 

The funding round was led by Ginko Ventures with participation from Foxconn, Nokia Growth Partners (NGP), Citrix Systems Ventures, as well as previous investors Advanced Technology Ventures and Madrona Ventures.

One of Cedexis' products, Radar, demonstrates how cloud and network performance impacts the experience of Web and mobile application users by measuring hundreds of cloud service providers, content delivery networks and private platforms, from more than 50,000 networks around the world, according to Cedexis. Then, that information can be used to route traffic to achieve the best performance, availability or cost, or any mix of those three factors.

Companies that use Cedexis' Web performance monitoring software include Accor Hotels, Airbus, Cartier, Comcast, LinkedIn, Mozilla, Nissan and Shutterstock. It has offices in Portland, San Francisco and Brooklyn, as well as London and Paris.

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