Noction raised $1 million in Series A funding round led by Firm Trade, a venture holding investing in technology companies. Driven by the results the Noction’s product brought to its existing customers as well as the solid management behind the company, Firm Trade made the investment, which will provide funding for the company’s further efforts in expanding sales and marketing activities as well as in acceleration of the product development.
So far, the Noction`s platform has been successfully deployed by such Hosting Solutions Providers as Hivelocity and WiredTree, helping them to maximize uptime by intelligently routing traffic across the Internet. Priceline Group, a leader in global online hotel reservations considerably improves network performance by using Noction IRP, which leads to enhanced end-user experience. Noction IRP is also used by Content Delivery Networks (CDNs) such as CacheFly, enabling the company to further minimize wide-area latency between their multiple server farms and the clients. As a whole, the platform offers continuity of operations, improved network performance and cost savings, as well as route control capability that extends down to the user level.
About Firm Trade
Firm Trade was founded in 2009, with the focus and intention of investing in technology companies. Firm Trade has already invested $25M in a portfolio of companies over the previous four years.