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EdgeCast Gets $54M For Content Delivery Efforts

socalTECH

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

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EdgeCast Doubles Revenues, Tops 225 Employees

socalTECH

Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. The firm provides edge network services to help deliver content from such customers as Twitter, Pinterest, Sony, and Hulu to end users. READ MORE>>.

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Passenger Gains $7.5M More

socalTECH

Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. in an investment. READ MORE>>.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. They were originally founded inside of Times Mirror and had a huge string of major investment success before spinning out as a fully independent fund. It is a platform to help brands building viral marketing campaigns.

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

socalTECH

What is it about the content delivery network market which has enabled Santa Monica-based EdgeCast to go from startup to over $100M in revenues in only a few, short years? We serve up four to five percent of the global Internet on our network. We're privately funded today, with some equity from Menlo Ventures and Steamboat Ventures.

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