Kollective Raises $12.25M
SUNNYVALE, CA, Kollective, a leading cloud-based software defined networking company, today announced that they have closed a $12.25 million round.
Investors include MK Capital, Pritzker Group Venture Capital, Cross Creek Capital and Hatteras Funds.
The company intends to use the money to fund operations for its cloud-based solution that utilizes the power of Software Defined Networking to address enterprise content delivery problems for video, software updates and other large, complex files. In addition, the investment will be leveraged to augment Kollective's already successful Microsoft Skype Meeting Broadcast partnership and fuel strategic growth including sales and R&D, as well as expand the Company's efforts in China, India, Hong Kong, Japan, Korea and Singapore to meet significant market and product demand.
In 2015, Kollective experienced a 100 percent customer renewal rate for their industry-leading ECDN products and over the past six months, Kollective has deployed more than 500,000 endpoints. Kollective's aggressive growth includes the addition of new Fortune 1000 customers worldwide and together with existing customers, is poised for significant growth.
'Our product suite is expanding to help customers with new IT challenges including the proliferation of video as a strategic imperative,' said Dan Vetras, Kollective CEO. 'We are witnessing an explosive growth in enterprise-scale customers who leverage video as a key form of communication to dispersed employees worldwide.'
Dramatic increases in video traffic and the ongoing challenge of delivering software updates has large enterprises looking to deploy an infrastructure that can address their needs. This includes partnering with a cloud-based, content delivery provider that can be leveraged in multiple use cases within the network. Kollective is the only solution that can effectively and efficiently address all use cases.
The largest, most successful, global companies trust Kollective Technology to power their Enterprise Live and On-Demand video delivery, serving millions of users worldwide. From its software defined enterprise content delivery network (SD ECDN) to edge related IT tools like Network Readiness Testing, Software Delivery and Network Analytics, Kollective drives a powerful ROI and makes the flexibility of software defined networking a reality. Learn more about us at: www.kollective.com.
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