Panorama leads Series D round for Skyfire’s Asia expansion
Panorama Capital has led a $10 million Series D round of funding for Skyfire, intended help the mobile video optimization and cloud solutions company expand in Asia.
Panorama is a new investor in the company. Existing investors Verizon Ventures, Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners also participating in the funding.
Skyfire aims to battle what its CEO Jeff Glueck has coined as "mobile warming," or the strain put on mobile networks dealing with exponentially greater data use. The company's carrier-grade network video and data optimization platform offers bandwidth savings for wireless operators, with an average 60% data saving for video and 50% for images.
Skyfire will use the funds to meet the demands of its growing numbers of wireless operator customers with aggressive expansion within Europe and Asia. The company already has offices in London and Silicon Valley, and wants to seek opportunities in markets such as Japan, Southeast Asia and Australia.
More on North Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.