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Cool Startup: GoCache

GoCache is an up-and-coming CDN based in Brazil currently focused on the Brazilian market, particularly small and medium-sized businesses. It was founded in 2013. GoCache spent several years concentrated on building their platform after receiving seed funding from VCs. They currently have 5 PoPS (four in Brazil and one in Miami), but will have a dozen by the end of July 2018, mostly in Brazil. Anycast is up and running and GoCache has its own networking stack. They currently have 200+ customers and 5,000+ websites on their platform.

GoCache’s Products include:

The Brazilian Market and CDN Usage

CDN penetration in Brazil is overall not as high as in the U.S., in particular further down the business pyramid. In a recent study conducted by GoCache, they found that adoption at the top of the Brazilian market in the most visited 1,000 websites, is similar to the U.S., sitting at around 70%. However, at the next tier of the next 10,000 websites, adoption rates in Brazil are currently at around 30% compared to 50-60% in the U.S. At the bottom 90,000, adoption rates are even lower – at around 13% in Brazil compared to approximately 30% in the U.S.

GoCache is therefore targeting those medium and small sized businesses who haven’t yet adopted a CDN. They are currently getting a lot of their customers from AWS; AWS is expanding rapidly in Brazil, in particular, taking over the hosting market. As a byproduct, AWS is educating the market place as to the value of a CDN service. However, GoCache can cater to the local CDN market better as they’re local, have more PoPs in place in the region (Amazon only has two in Brazil currently) and the local CDN offers significantly cheaper pricing. The Brazilian company also has features that allow for easy integration with AWS if customers wish to do so.

South America is the next region for GoCache, then this thriving startup plans to go global. Next year, it will be targeting around $5-10M in its Series A funding route, which it will use to power global expansion to other parts of South America, then Europe, the U.S. and Asia. Watch this space.

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