EdgeCast gets $54M in funding because CDNs are always hot

Gigaom

Content delivery network EdgeCast has raised a $54 million fourth round of financing including an undisclosed mix of debt as it seeks to expand in the hyper-competitive world of shipping digital content around the globe. The round was led by Performance Equity Management (PEM), with follow-on participation from the company’s existing investors Menlo Ventures and Steamboat Ventures.

The money helps EdgeCast continue adding new products to its original business of moving bits around the web. The company is adding web acceleration products as well as new routing and security services. As the CDN business has become commoditized, providers such as Akamai have moved from shipping bits to buying companies that add more valuable services, such as advertising, optimization and security. EdgeCast has to keep up.

EdgeCast was founded in 2006 and has raised more than $20 million in equity funding since that time. The company says it’s in its fourth…

View original post 160 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s