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Wednesday, May 23, 2012
With Ex-Yahoo CTO On Board, Yottaa Nabs $9M For Affordable Mobile, Web Acceleration
Yotta, the Cambridge-based startup that offers cloud-based web performance monitoring and optimization services for small businesses, is today announcing that it has closed a $9 million series B financing round. Each of the startup's existing investors, including General Catalyst Partners, Stata Venture Partners and Cambridge West Ventures, re-upped for Yottaa's series B, joined by additional undisclosed investors. Yottaa's new round brings its total funding to $13 million and will be primarily allocated towards product development and increasing the rapidity of its product release cycle, as Yottaa gears up to add further features and components to its suite of services that aim to optimize, protect, and monotor websites and critical web apps for organizations of all stripes, but particularly the little guys -- startups and SMBs.
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