Zycada Emerges From Stealth with $19 Million in Funding to Deliver Fastest Online Shopping Experience in the World
Zycada Cloud Service Accelerator boosts eCommerce speeds 10X faster than Amazon, dramatically increasing online shopping revenue for retailers
SAN JOSE, CALIFORNIA – June 16, 2020– Zycada today emerged from stealth to enable the fastest online shopping experience in the world. Zycada’s new approach improves Time to Interact (TTI) speeds 10X greater than Amazon, resulting in dramatic gains in online retail revenues and empowering merchants to achieve faster online shopping experiences than Amazon for the first time.
As part of the launch, Zycada announced it raised $19 million in total funding to date, with Kholsa Ventures leading the investment and Cervin Venturers and Nordic Eye Venture Capital participating. The funding will accelerate product development further and expand the go-to market efforts. In addition, industry leader Preetish Nijhawan, Managing Partner at Cervin Ventures and co-Founder of Akamai Technologies, has joined Zycada’s Board of Directors.
The eCommerce market will expand rapidly in the coming years, especially as public health concerns radically reshape consumer behavior and further accelerate the transition from brick and mortar stores to online shopping. Even before the COVID-19 pandemic, online sales were forecast to grow from $3.5 trillion in 2018 to $7 trillion in 2024.
Today, there are 12-24 million online retailers globally, with many of these online retailers lacking the infrastructure and resources to deliver eCommerce sessions that are as quick and reliable as Amazon’s. Even large e-retailers struggle to match Amazon’s speed and market dominance. TTI is a critical metric for gauging eCommerce performance, measuring how long it takes for the interactive elements of a page (such as a “buy now” button) to load.
Zycada shatters the status quo with a platform that pushes TTI below 500 milliseconds, significantly outpacing Amazon. By leveraging Zycada’s innovative new approach, online retailers gain substantial improvements in conversion rate, revenue per session and total revenue uplift. Moreover, Zycada is simple to use and works right out the box, enabling organizations or quickly transform their online shopping portals.
“The eCommerce market has been growing exponentially for decades. The current pandemic will permanently alter consumer behavior in a way that will only hasten that growth. However, for the vast majority of e-retailers to capture more of this burgeoning market, they need to overcome massive speed and performance limitations,” said Subbu Varadarajan, Founder & Chief Product Officer at Zycada. “Zycada has introduced an innovative approach that eliminates these bottlenecks by employing the scale and power of app-aware technology in a way that’s never been done. As a result, we’re not just leveling the playing field between e-retailers and Amazon – we’re helping them rise above Amazon.”
About Zycada’s Technology
Zycada has engineered the world’s first app-aware technology designed to deliver the fastest online shopping and content viewing experience available. Through the power of this innovative technology, Zycada can uniquely fingerprint online merchant eCommerce sites and intelligently accelerate both static and dynamic content. Zycada CSA anticipates user interactions, working ahead of them as a personal concierge to dramatically enhance the shopper’s experience. This enables online retailers to deliver a rich, responsive shopping experience out of the box, with no configuration or tuning to their eCommerce site. Zycada seamlessly integrates with existing CDN’s, and requires no code changes. Delivered as a SaaS, Zycada can be installed and running in less than a few hours.
“Modern consumers and mobile app users are sophisticated and demand experiences that are responsive, regardless of the content,” said Preetish Nijhawan, Managing Partner at Cervin Ventures and co-Founder of Akamai Technologies. “Zycada is changing the game, and creating a new standard for high performance delivery of rich, dynamic experiences.”
“With multiple Fortune 500 customers already on our customer list, Zycada has real market momentum before they’ve even exited stealth. The team is solving a critical business problem for a target market that is being fueled by big macro trends,” said John Hamm, Operating Partner at Khosla Ventures.
For a demo, more information and to begin a free trial of Zycada, please visit https://www.zycada.com/demo/.
Follow Zycada on Twitter: @Zycada
Follow Zycada on LinkedIn: https://www.linkedin.com/company/zycada-networks/
Zycada empowers the fastest online shopping experience with app-aware technology. Zycada Cloud Service Accelerator anticipates user interactions, working ahead of them as a personal concierge – dramatically enhancing the shopper’s experience and increasing online retail revenues. Zycada is backed by Khosla Ventures, Cervin Ventures and Nordic Eye Venture Capital. The company is headquartered in San Jose, California. To learn more, visit www.zycada.com and follow us on Twitter @Zycada.
Jordan Tewell, 10Fold