IIX Broadens Access to Peering; Receives $10.4 Million in Series A Funding From NEA
Next-Generation Software and Interconnection Platform – Enables Organizations “One Click” Direct Connection to Networks Most Critical to Their Business
PALO ALTO, CA , Jul 16, 2014 (Marketwired via COMTEX) — IIX Inc. (IIX), a leading provider of direct interconnection solutions, announced today that it has secured $10.4 million in Series A Funding from leading venture capital firm New Enterprise Associates (NEA), IIX offers a next-generation software and interconnection platform designed for enterprises, content providers, cloud providers and other network operators to enhance the performance of their applications and services, regardless of location.
IIX launched its first Internet Exchange Points (IXPs) in 2011. The Company has since established presence in various markets in the U.S., Canada and Europe and is continuing to expand globally. IIX also has a growing ecosystem of customers that includes industry leading companies such as Microsoft, Box, Blue Jeans Network, GoDaddy, LinkedIn and TripAdvisor.
Enabling the Growing Movement to the Cloud The movement to the cloud is undeniable — global cloud IP traffic is predicted to increase nearly 4.5-fold over the next five years.* With this staggering growth and the ongoing increase in DDoS attacks**, organizations are looking for new ways to improve how they conduct business in the cloud. By enabling content, cloud providers and trading partners to directly connect with one another, the IIX platform provides a cost-effective, secure and scalable solution for an organization’s applications and services.
“IIX is using the proceeds from this financing round to grow our team, expand our product roadmap and business development activities,” said Al Burgio, founder & CEO of IIX Inc. “We welcome NEA’s support and are looking forward to taking advantage of our first to market opportunity.”
IIX also announced that Kittu Kolluri, general partner at NEA, has joined IIX’s Board of Directors.