CEO: Coach Wei
New Funding: $16 million
Backers: Intel Capital, General Catalyst Partners, Stata Venture Partners, Cambridge West Ventures
Yottaa, a web optimization solution provider, markets software that it claims displays websites 30 percent faster than alternatives. The Boston-based company was founded in 2009 and released its software last September with the help of its 30-engineer staff, CEO Coach Wei said in an interview with the Boston Business Journal. The new funding, led by Intel Capital, will go toward building sales and marketing, growing its engineering team and accelerating its investment in the company's hybrid cloud network, according to a company statement.