Mobile

Skyfire gets another $10M to ease network data strain

Skyfire sure is getting a lot of investor love this year.

Eight months after the mobile web and video optimization company netted $8 million from investors,it’s at it again with another $10 million round.

Network operators like Skyfire because its cloud-based Rocket Optimizer allows them to decrease the strain of over the top video traffic without the need for hardware build out. That means Skyfire saves them money.

With the cash infusion Skyfire plans to hire staff to expand its efforts into Europe and Asia, where network operators are also feeling the heat from their subscribers watching tons of video. (Skyfire CEO Jeff Glueck calls the trend “mobile warming.”)

“You could say that the networks in Europe and Asia are beginning to see the sort of intense “data deluge” traffic that operators in the US have been working to mitigate the past several years,” Glueck told VentureBeat  in an email.

The latest funding round was led by new investor Panorama Capital, along with previous investors Verizon Ventures, Matrix Partners, Trinity Ventures, and Lightspeed Venture Partners

Headquartered in Mountain View, California, Skyfire was founded in 2006. To date, the company has raised $40.8 million.

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