# Speedera Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/speedera-networks

- Industry: Internet
- Headquarters: Santa Clara, US
- Website: www.akamai.com
- Total disclosed funding: $20M
- Latest round: Series B (May 15, 2001)
- Investors on record: 9

## About

Speedera Networks is a technology company specializing in cloud computing, security, and content delivery network (CDN) services, delivering performance optimization and security solutions across various industries.Speedera Networks operates as a subsidiary of Akamai Technologies, which acquired the company in June 2005. The firm is headquartered in Santa Clara, US, and was founded by Christopher Aker, Richard Cheong, and Sridhar Machiroutu, with Minna Järvenpää serving as CEO. Speedera conducted four funding rounds leading up to its acquisition, securing a total of USD 6.50 mn, with Trinity Ventures as the lead investor in the most recent round.Akamai Technologies offers a wide range of cloud computing, security, and CDN services to a global clientele. Their key products include App & API Protector, designed to shield web applications and APIs from potential threats, along with a robust CDN that enhances the performance and reliability of content delivery. The company also provides edge computing, data storage, and managed database solutions, addressing the needs of sectors such as media, retail, financial services, and healthcare.Akamai Technologies primarily generates revenue through subscription-based models for its products and services, including the App & API Protector and CDN solutions. The company's business operations are centered around B2B transactions, focusing on tailored security and performance enhancements for enterprises. Clients subscribe based on their operational requirements, creating a structured and sustainable revenue stream.Akamai Technologies is focusing on the development of new products that enhance its security and performance offerings. The company aims to expand its market presence in regions such as Europe and Asia-Pacific by the end of 2025. The recent funding secured in June 2005 will support these initiatives, allowing Akamai to further invest in innovation and scalability, following its acquisition of Speedera Networks.

## Funding rounds

- Series B, May 15, 2001, $20M — Deutsche Bank, Trinity Ventures, Industry Ventures, Comdisco, Banc of America Securities, Hewlett-Packard, Oracle Capital Partners, Palo Alto Investors, Continuum Group

## Investors

- Deutsche Bank — Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B
- Comdisco — Series B
- Banc of America Securities — Series B
- Hewlett-Packard — Series B
- Oracle Capital Partners (https://capitalatlas.ai/funds/oracle-capital-partners) — Series B
- Palo Alto Investors (https://capitalatlas.ai/funds/palo-alto-investors) — Series B
- Continuum Group — Series B