Venture Capital News: Peer5 Receives Seed Investment
PALO ALTO, CA, Internet infrastructure company has received a strategic seed round investment.
Tapinator, Inc. (OTC: TAPM) is pleased to announce that it has made a strategic seed round investment into Peer5, a Palo Alto, CA and Tel Aviv, Israel based internet infrastructure company focused on improving the scalability and efficiency of mobile and internet content delivery.
According to Peer5, new content (games, videos, files, etc.) is exploding, but technology to deliver it is growing at a much slower pace. This has created suboptimal user engagement levels and an inefficient situation for content providers. As content continues to explode the problem becomes more obvious, but now, using new technologies, including HTML5 and WebRTC, the situation can be addressed like never before. Today, user's computers can interact with each other in a new way, both in real-time and in-browser, without any invasive plugins or software. The hybrid Peer5 platform, built on top of these technologies, uses both HTTP and P2P mesh networks to optimize content delivery, increasing user engagement by making file transfers easier and faster. The mesh network and P2P offloading system also reduces bandwidth usage, saving content providers money. Peer5's technology is about making information of all types available to everyone, everywhere, as simply and easily as possible.
Ilya Nikolayev, CEO of Tapinator, stated, 'We continue to selectively seek out investment opportunities that complement or support our own positioning within the mobile gaming industry. The content delivery network (or 'CDN') market is estimated to grow from $3.7 billion in 2014 to $12.2 billion by 2019 according to market research firm MarketsAndMarkets, representing a Compound Annual Growth Rate (CAGR) of 26.3%. We believe that mobile gaming represents a key driver behind this extraordinary market growth as the consumer appetite for high quality mobile games across multiple devices continues to proliferate. We are pleased to back the team at Peer5 and their unique technology solution for improving the speed, scalability, reliability and cost of mobile content delivery.'
Other firms involved in the investment include Hillsven, a $40 Million seed venture capital firm focused primarily on Silicon Valley and Israeli startups, and FG Angels, the Angel Investment Arm of Foundry Group, a prominent VC firm based in Boulder, Colorado. The Peer5 website can be found at Peer5.com.
Tapinator (TAPM) is a global developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms. The Company focuses on operating its own titles, publishing properties where it holds substantial ownership positions, and making strategic investments into promising mobile companies. Tapinator's owned and operated portfolio includes over 80 mobile gaming titles that, collectively, have over 50 million users. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with development offices in Pakistan, Denmark, and Indonesia. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.
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