Mobile data optimisation company Snappli has received a significant injection of capital from its founding team of entrepreneurs.
In addition, Snappli has now secured a further USD1m investment from Greylock Partners, Index Ventures and Klaus Hommels, the early investor in Skype, Facebook and Spotify.
The Snappli app compresses, optimises and secures mobile internet data. Snappli reduces data use by up to 85 per cent and accelerates mobile browsing by up to two times. It is also the first app on the market that offers video compression, a major mobile data drain.
“We see a very large global opportunity in mobile data compression and optimization. Snappli’s technology and approach is disruptive, and the founding team has a proven track record innovating and building a market leader,” says Greylock Partners’ Asheem Chandna.
