IO River, a startup working to disrupt the legacy content delivery network (CDN) market, announced on Wednesday that it has raised $20 million in a Series A funding round to accelerate adoption of its Multi‑Edge technology.
The financing was led by Venture Guides and New Era, with participation from S Capital and private investors including Ofir Ehrlich and Pavel Gurvich.
The funding will support IO River’s mission to decouple core infrastructure from add‑on services, enabling new competitors to enter the Edge services market and changing how enterprises build and buy these capabilities.
For at least the last two decades, the CDN industry has been dominated by a small number of global vendors — such as Akamai, Cloudflare and Fastly — that bundle delivery, security and compute into closed systems. IO River’s platform, its founders say, breaks that model by separating the underlying infrastructure from additional services. This allows companies to run consistent security and delivery functions across multiple providers without the operational complexity traditionally involved.
“Online services have always craved the benefits of multiple Edge networks without the operational pain,” said Edward Tsinovoi, co‑founder and CEO of IO River. “IO River makes that possible. We’ve built a Multi‑Edge platform that brings the architectural power once reserved for the enterprises of the world to everyone else.”
The company says its neutral virtual layer simplifies configuration, AI‑driven traffic steering and observability across providers, delivering uninterrupted service with ultra‑low latency. IO River already handles more than 200 petabytes of traffic each month, demonstrating how multi‑edge delivery can work at scale without extensive engineering resources.
“Multi‑edge delivery was always the right architecture, but far too complex for most companies to implement,” said Sage Nye, partner at Venture Guides. “IO River removes that barrier, which is why adoption is accelerating so quickly across the market.”
By separating delivery infrastructure from edge services, IO River also opens the market to local, regional and telecom‑based providers, allowing security and application vendors to add richer functionality to edge deployments. According to investors, this could create a more open and diverse ecosystem where companies choose the best provider for each region or workload.
“The next wave of internet infrastructure will be decentralized, intelligent and open,” said Gideon Argov, general partner at New Era Capital Partners. “IO River is the first company turning that vision into a working reality.”
The timing of the investment comes as enterprises look to avoid reliance on single providers after recent outages at AWS, Cloudflare and Azure highlighted resilience risks. Organizations such as Sky, Amazon and PayPal have built internal multi‑edge systems for performance and cost control. IO River says it aims to democratize those capabilities for a broader range of businesses.
“Teams have wanted the reliability and flexibility of multi‑edge delivery for years, but the engineering complexity held many back,” said Michael Hakimi, co‑founder and CTO of IO River. “Our focus has always been to make this architecture simple, consistent and dependable at any scale.”
Founded by veterans in edge infrastructure, IO River serves customers in streaming, gaming, retail and SaaS, and is backed by Venture Guides, New Era and S Capital. The company’s platform unifies traffic steering, security and observability across distributed delivery systems.