EdgeCast Networks, Inc., a Santa Monica, California-based content delivery network, has rasied $10m in a Series C funding round led by Menlo Ventures.
Steamboat Ventures – the venture arm of the Walt Disney Company [NYSE: DIS] and leader of EdgeCast’s Series B financing – also participated in the new round.
In conjunction with the financing, Pravin Vazirani, managing director at Menlo Ventures, will join the EdgeCast board of directors.
The company will use the funds to develop and launch new services, expand its global network to meet surging customer demand, and accelerate the its sales and marketing programs.
FinSMEs
12/04/2010