Net streaming and media advertising have put much strain on the bandwidth and backend latency. This is more than before, as online traffic comparatively increased last year. Most organizations today are cloud-based and represent a huge cost in computing power. Or else it is a major investment in the latency technology of the company. granulate 30m series 45mwiggersventurebeat.
Startups now have the opportunity to build optimization tools. Granulate, such a startup, has built software for companies. They can handle the load with much more intelligence and cost-effectively. granulate ai 30m 45mwiggersventurebeat.
The round of funding came after a boost in the last ten months. The customer growth went up to 360%, and revenues grew around 570%. The Tel Aviv-based startup also acquired $30 million in Series B funding that Red Dot Capital Partners led. Erstwhile partners like Insight Partners, TLV Partners and Hetz Ventures, and new backer Dawn Capital, also participated.
Series B aims to deliver to the demands of the current market. This comes at the heels of the Granulate closing a $12 million Series A just in April of the previous year. The investors claimed the reason for increasing the deal was the rapid growth of the business.
Their game-changing optimization solution is reflective of the growing market demand. Companies who have to deal with the infrastructure cost or reduce the operating cost will get reduced. The solution of Granulate drives extra improvement whether the clients give their feedback or not.
Granulate right now is targeting the media-centric market. They also have dug their nails into the e-commerce sector. These markets rely on the quick responsiveness of the sites and the apps. These features do not turn off people from deserting shopping carts. This habit of abandoning the carts has been on the rise.
Small companies like Google, Amazon, and Google do not have the bandwidth to build their optimization tech. Granulate believes that the 5G revolution will positively affect the front-end latency.