FasterWeb's technology can benefit millions of websites across all categories: eCommerce, content, search, social networking, mobile and more, and now we have the proper backing to reach them
Tel Aviv, Israel (PRWEB) July 21, 2009
FasterWeb, the pioneer and leader in Browsing Experience Optimization, announced today that it has received an investment from YL Ventures, a venture capital firm built by, and for, entrepreneurs. FasterWeb's proprietary technology enables websites to accelerate page load times by factors of 2x to 10x. The company will use the proceeds of the funding round to further develop its technology and prepare for international roll out.
YL Ventures' Managing Partner, Yoav Andrew Leitersdorf, will be joining the FasterWeb board of directors as part of the investment. Mr. Leitersdorf sees a substantial market need for technology that optimizes the web experience. He added: "FasterWeb has unique and proprietary technology to further optimize web page load times in addition to what has been achieved so far with existing solutions. Every small improvement in performance translates into additional revenues for websites, regardless of business model -- advertising, eCommerce, or otherwise. FasterWeb's exceptional team has the perfect mix of talents and backgrounds to take their brilliant technology to websites everywhere".
Most existing websites, including the world's top-100, take multiple seconds per page to load. While web users may have learned to live with that, research shows that any website's revenues strongly depend on its load time. FasterWeb provides a revolutionary browsing experience in which web pages are loaded much faster, without requiring server-side code changes and without requiring client-side plug-ins or downloadable software.
"FasterWeb's technology can benefit millions of websites across all categories: eCommerce, content, search, social networking, mobile and more, and now we have the proper backing to reach them," said Ofer Gadish, co-founder and Chief Executive Officer of FasterWeb. Ofir Ehrlich, co-founder and Vice President of Research and Development added: "We picked YL Ventures as our partner due to the fund's entrepreneur-friendly investment strategy, and Yoav's successful track record and expertise building and growing Internet software startups. We are thrilled to be bringing YL Ventures onboard."
FasterWeb was founded by Internet veterans Ofer Gadish, Gil Shai, Ofir Ehrlich and Leonid Fainberg in order to provide websites the ability to serve their users with a better browsing experience. Its technology enables web pages to load much faster, without requiring server-side code changes or client-side plug-ins. FasterWeb can work with or without content delivery networks to provide near-instantaneous Internet browsing, thereby improving user experience and increasing revenues. FasterWeb will be available to most websites next year.
About YL Ventures
YL Ventures is a boutique venture capital firm that was founded to address the changing venture capital financing landscape. The firm invests in high technology start-up companies and, within a short timeframe, brings them to market by introducing and marketing them to global strategic players. The fund combines its capital with deep engineering and market expertise, thereby facilitating a highly efficient model for technological innovation. The firm has representative offices in Amsterdam, Netherlands and Hertzelia, Israel. For more information, please visit http://www.YLVentures.com or email.
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