# Macrometa Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/macrometa

- Industry: Business Support Services
- Headquarters: San Mateo, US
- Website: www.macrometa.com
- Total disclosed funding: $27M
- Latest round: Series A (Jun 15, 2021)
- Investors on record: 8

## About

Macrometa Corporation is a provider of advanced AI-driven cloud solutions focused on enhancing web performance. Its flagship product, PhotonIQ, delivers optimized site tools to improve speed and user experiences for businesses globally.Founded in 2017 in San Mateo, US, Macrometa Corporation specializes in cloud solutions to boost web performance. The company has secured a total of USD 38.00 mn in funding, with its latest round, led by Akamai Technologies, Inc., occurring in November 2022. Chetan Venkatesh serves as CEO and co-founder. Macrometa has executed 5 funding rounds, with notable participation from investors like Shasta Ventures and Sixty Degree Capital.Macrometa specializes in advanced AI-powered cloud solutions designed to enhance web performance through its core product, PhotonIQ. This comprehensive platform provides businesses with tools to optimize site speed, improve search engine rankings, and enhance user experiences without necessitating code changes to existing websites. PhotonIQ is specifically engineered to address challenges such as high bounce rates, cart abandonment, and overall website lag, thereby facilitating increased conversions and revenue growth. The technology serves a diverse client base, including leading eCommerce brands and large enterprises, primarily in North America, Europe, and Asia-Pacific regions. By leveraging a global data network, Macrometa ensures that its solutions cater to businesses operating dynamic applications and sites, allowing them to efficiently manage web traffic and resources.Macrometa's revenue generation model primarily revolves around subscription services associated with its PhotonIQ platform. Businesses engage with Macrometa through structured agreements that provide access to its suite of web performance tools, which include features for SEO optimization, anonymous visitor tracking, and intelligent traffic management. Clients typically subscribe to tiered pricing plans, gaining varying levels of access and support based on their specific needs and usage levels. Through these subscription arrangements, Macrometa effectively secures ongoing revenue streams while empowering businesses to achieve measurable improvements in their digital operations.In November 2022, Macrometa Corporation raised USD 38.00 mn in venture funding led by Akamai Technologies, Inc., with participation from Sixty Degree Capital and returning investor Shasta Ventures. This funding will be used to support developer education, community development, corporate event marketing, and to generate customer sales with Akamai Technologies, Inc. Looking ahead, Macrometa plans to expand its product offerings and penetrate new markets in North America and Europe by 2024, focusing on enhancing its technological capabilities and customer reach.

## Funding rounds

- Series A, Jun 15, 2021, $19M — Partech Partners, Pelion Venture Partners, Shasta Ventures, BGV, DNX Ventures, Sway Capital, Fusion Fund
- Seed, Oct 1, 2020, $7M — Partech Partners, Shasta Ventures, BGV, DNX Ventures, Sway Capital, Fusion Fund, Velar Capital
- Seed, Dec 1, 2017, $0.9M — Partech Partners, Shasta Ventures, BGV, Sway Capital

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed, Series A
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Seed, Series A
- BGV (https://capitalatlas.ai/funds/bgv) — Seed, Series A
- Sway Capital (https://capitalatlas.ai/funds/sway-capital) — Seed, Series A
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Seed, Series A
- Fusion Fund (https://capitalatlas.ai/funds/fusion-fund) — Seed, Series A
- Velar Capital — Seed
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A