CDN Based Startup Uploadcare Raises Seed Capital

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Florida based end-to-end cloud platform Uploadcare which wants to make CDN usage cheaper and easier has bagged $1.7 million in seed round funding from Runa Capital and Vendep Capital. The current round also saw participation from Vaizra Capital and LVL1 Group.

The firm had previously raised $500K in another seed round which was led by London-based LVL1 Group. The current infusion takes the total amount raised by the firm to $2.2 million. Anatoly Chernyakov, Igor Debatur, and Valentin Golev are the founders of the firm. Interestingly, the team was working on the firm as a side project until 2016. However, once the firm started to get traction, the trio started working on its plan of building the product.

Debatur talking about that says that “We started to build out a team and right now, we have more than 1,000 paying customers from very different sizes, starting from SMB to large enterprises using the product. “ The firm plans to utilize the latest financing to speed up its growth and then content delivery speed. It will also use the funds to reduce internet traffic volume for enterprises.

Dmitry Chikhachev, a general partner at Runa Capital talking about Uploadcare said, “The amount of data that are created per day is rising at a breakneck rate. With its robust infrastructure of delivery networks that span the globe, Uploadcare has quietly become a go-to solution for developers and engineers at some of the world’s largest companies. With differentiated technology and a strong leadership team, we believe that Uploadcare is well-positioned to accelerate its growth and further solidify its leadership in the content delivery market.”

 

Image Courtesy : Uploadcare

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