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EdgeCast Networks Raises $10M

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EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. EdgeCast said it reached profitability in Q4 of 2009, and according to Anthony Citrano, VP of Communications at the firm, the new round is a true growth round. READ MORE>>.

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Passenger Expands Board

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In conjunction with the board appointment, Passenger said it closed its 2009 fiscal year with 37 percent revenue growth, although it did not release financials. Passenger is venture backed by Shelter Capital Partners, StarVest Partners and Steamboat Ventures. READ MORE>>.