SaaS Startup Gumlet Raises $1.6M Funding Led By Sequoia’s Surge
- ByStartupStory | July 27, 2021
Gumlet, a media software-as-a-service (SaaS) startup based in Singapore announced a $1.6 million in funding led by Sequoia Capital India’s Surge and Angel investors Aakrit Vaish, Miten Sampat, Swapan Rajdev and Yash Kothari also participated in this round. Gumlet, founded in 2019 in Singapore by Aditya Patadia and Divyesh Patel, who previously built, scaled and successfully exited from Turing Analytics, a pioneering AI startup in the image recognition and visual search space. Aditya is also the creator of a popular open-source image resize library in the PHP language, which he launched in 2012.
Gumlet saw an opportunity to create an easily-integrated tool to handle media processing for a plethora of formats, device sizes and platforms. It enables developers across the globe automatically resize and optimise their images and videos as per the end user’s device or browser, delivering high quality media at the lowest possible bandwidth. Gumlet claims to help developers experience 30-50 percent better optimisation without affecting quality. It currently serves more than 6,000 customers including online stores, news sites, blogs, edtech startups, travel sites and crowdfunding portals. Some clients include Colearn, YourStory and Bestseller Group. Over four billion media files are delivered every week via Gumlet, resulting in 25 percent month-on-month growth since the start of 2020.
Gumlet is all about offering a plug-and-play solution for media management and publishing. This in turn helps online businesses provide better UX, load pages faster, save cloud costs and improve SEO – resulting in tangible business impact. More than just delivering a SaaS tool for online publishers and businesses, our mission is to build a media delivery infrastructure for the internet,” said Aditya Patadia, Founder of Gumlet. Divyesh Patel, Co-founder and CMO of Gumlet, said, “As the internet becomes increasingly global and data-hungry, serving images and video in a high-performance, low-latency environment is fundamental for all websites to earn customer trust. With Gumlet, developers never have to worry about managing different versions and sizes of media files again.”
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