August 11, 2011

Dow Jones/VentureWire

ATV, Madrona Back Cloud-Optimization Company Cedexis

Cedexis Inc., a player in the cloud-computing space, said it has secured $6 million in a financing that included Advanced Technology Ventures and Madrona Venture Group.

Valuation was undisclosed.

The company, which has offices in Portland, Ore., and Paris, said it will use the money to fuel expansion in the U.S. and strengthen its customer relationships in Europe and Asia. It says it has 150 customers, including leading retail, luxury goods and media brands.

Cedexis helps enterprise customers accelerate the performance and availability of their Web and mobile applications. It was co-founded in 2009 by Marty Kagan, former vice president of engineering at Jive Software Inc. and Akamai Technologies Inc.