Twin Prime, a startup company that accelerates mobile apps over wireless networks, came out of stealth with a $9.5 million funding round that is led by DFJ and True Ventures with participation from Milliways Ventures and Moment Ventures. The company will use the funds to significantly accelerate its go-to-market and sales activities, and expand its product development efforts. The company also launched a new mobile application acceleration solution to power the delivery of dynamic, static and encrypted content on both cellular and Wi-Fi networks.
Twin Prime said that its acceleration technology via a software development kit that can integrate into an apps, enables brands to distribute any content—including images, videos, texts and HTTPS—to their users via their mobile apps, without relying on content aware acceleration methods like caching, compression and image resizing for speeding content delivery. Twin Prime claims its mobile-first technology can increase mobile app content delivery speeds by over 100 percent. In addition, Twin Prime’s technology can be used in combination with current acceleration solutions such as CDNs.
Twin Prime’s new software platform provides the fastest way to adapt to changing network characteristics, including Twin Prime’s Global Location and Context-based Acceleration Strategy (GLAS) technology which utilizes automated hypothesis testing to achieve real-time automatic selection and deployment of optimization strategies customized for specific mobile network characteristics and operating conditions including device, application architecture, network type, quality and location.
Existing acceleration solutions were not built for the highly diverse and volatile mobile ecosystem. With demand for mobile data increasing exponentially, traditional optimization solutions are an archaic answer for a challenge of this magnitude. We recognize the uniqueness of each operating condition in mobile and automatically customize the optimizations to the characteristic of that network.
Kartik Chandrayana, Chief Executive Officer and Co-founder of Twin Prime
Our customers see increased user engagement on their apps all across the world over both Wi-Fi and cellular networks. What they like about Twin Prime is the ability to optimize and customize acceleration strategies to every app session as its being used. We are dedicated to providing the next-generation mobile experience. It’s where business has evolved and it’s a greenfield opportunity that we are ready to deliver on.
