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Teridion has captured the title Tech Startup of the Year at this year’s Stevie Awards. The company also received accolades in the Cloud Infrastructure or Platform category.

The company, a startup that has received many accolades since opening for business, provides technology that it says makes the internet up to 20 times faster. Teridion was chosen for these awards among a slate of 2,400 nominations.

In an interview with me in October, Teridion founder and CEO Elad Rave said the problem with the internet today is all core routers work independently. That’s akin to a car navigation solution that only sees up to the next intersection and not the entire trip, he added.

“The problem is that BGP, by itself, is not conducive or was designed for today’s internet,” Ameer Abbas wrote in an April Teridion blog. “The protocol is antiquated. The version (BGPv4) used in 1994 is the same one that’s being used today. Every aspect of the internet has changed over the past two decades. From applications and usability, to content and accessibility, everything has become drastically more demanding.”  

Teridion has addressed that by designing a solution that allows for the creation of managed overlay paths that connect cloud routers to one another. This SaaS (News - Alert)-based solution leverages analytics, software-defined networking, and virtual routers to improve end users’ quality of service.

Rave will give an 11:30 a.m. May 6 at the Interop (News - Alert) event. His session is titled “A New Approach to Fixing Internet Application Performance”.

In September Teridion closed a $15 million Series B round of financing, bringing its total funding to $20 million. That round was led by Singtel Innov8. JVP and Magma, existing Teridion investors, also participated.

As noted above, the Stevie Awards were not the first honors Teridion has received. In March Networking Computing selected Teridion as one of the top 10 SDN startups driving innovation. And in December CRN highlighted Teridion as one of the coolest cloud startups of 2015.