Yottaa, a US-based e-commerce website optimisation technology developer backed by chipset maker Intel, has raised $11m in a mezzanine round led by venture capital firm DN Capital that included undisclosed investors.
Founded in 2009, Yottaa has created a performance monitoring and optimisation software platform for digital content that has been designed for the e-commerce sector. It is powered by an automated technology the company refers to as context intelligence.
The cash will help Yottaa scale expand internationally as it looks to double its turnover within the next 18 months.
Yottaa has now raised $63.6m of funding in total, according to press releases and securities filings, including $16m from a 2013 round led by Intel’s corporate venturing subsidiary, Intel Capital, and backed by General Catalyst and Stata Venture Partners.
The company subsequently received $10.4m in 2014 according to a regulatory filing, before a $13m Stata-led round two years later that also featured General Catalyst.