$5.4 million was funded by IO River, an Israeli company based in Tel Aviv that offers a multi-CDN-as-a-Service platform.
S Capital spearheaded the investment, with involvement from Aryeh Mergi (co-founder of M-Systems, Jeeng, and XtremIO) and Ronni Zehavi (co-founder of Cotendo and HiBob).
The money will be used by the business to increase operations and development initiatives.
IO River, founded by Michael Hakimi and Edward Tsinovoi, offers an API and user interface for building and managing many edge networks, giving the impression of a single super-network. Businesses don’t need to go through laborious migration and configuration procedures in order to add new vendors or integrate their current providers. Businesses can designate rules that maximize performance and cost based on user location, traffic type, and other variables, and can pick which edge network to utilize for various users.
Additionally, IO River provides application services, such as web application firewall (WAF), rate limitation, traffic control, and edge computing, in a uniform layer across many edge vendors.
Edward Tsinovoi offered his thoughts on the news by saying, “Every edge provider has its unique benefits.” However, clients ought to be free to choose from among the available options without being restricted to a particular supplier. With IO River, businesses can run numerous edge networks as though they were managing just one, providing the optimal combination of speed, reliability, and cost in one convenient location.
