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EdgeCast Gets $54M For Content Delivery Efforts

socalTECH

The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. EdgeCast said the Series D growth investment will go towards developing and launching new services. edgecast venture capital content delivery network internet traffic'

Content 150
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Why The Growth Of The Internet Is Driving EdgeCast's Revenues

socalTECH

The company--which is in the business of operating a content delivery network (CDN) to accelerate the delivery of web graphics, multimedia, applications, and more to end users-- recently disclosed it more than doubled its revenues in 2012, and has grown to over 230 employees--all due to a huge amount of demand for CDN services by its customers.

CTO Hire 248
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This Week in Venture Capital – Episode 4

Both Sides of the Table

The investment will be used for product development initiatives. Summit is a hugely respected firm in Silicon Valley and a long-term “institution&# but they’re better known as more of a “private equity&# investor meaning that they do later stage investments in much larger companies that are profitable. OpenCandy.