IO River, a Tel Aviv, Israel-based startup that focuses on providing virtual edge solutions, raised $5.4 million in seed funding.
SaaS Investors
The round was led by S Capital and joined by notable investors Aryeh Mergi and Ronni Zehavi.
Founded in 2018, S Capital VC is a venture capital firm based in Tel Aviv, Israel. The firm invests in deep technology, cybersecurity, fintech, enterprise software, SaaS tech, machine learning, and data analytics.
IO River Use of Funds
The company will use the funding for its multi-CDN-as-a-Service platform.
About IO River
Founded in 2022 by Edward Tsinovoi and Michael Hakimi, IO River provides a virtual edge solution designed to provide unified security and traffic control services for businesses. IO River enables online services companies to operate effectively across multiple edge platforms, achieving top performance, reliability, and cost efficiency with no additional layer or latency. The platform already serves more than 100 petabytes of traffic a month.
Funding Details
Company: IO River Ltd.
Raised: $5.4M
Round: Seed Round
Funding Month: March 2024
Lead Investors: S Capital
Additional Investors: Aryeh Mergi, Ronni Zehavi
Company Website: https://www.ioriver.io/
Software Category: Virtual Edge Solutions
Source: https://www.prnewswire.com/il/news-releases/io-river-exits-stealth-with-5-4m-launches-first-virtual-edge-platform-to-optimize-internet-content-delivery-302088089.html