EdgeCast Networks Raises $10M

EdgeCast Networks, Inc., a Santa Monica, California-based content delivery network, has rasied $10m in a Series C funding round led by Menlo Ventures.

The company has raised a total of $20m to date. 

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.

The company, which has operations in North America, Europe, Asia and Australia, provides content delivery services for traditional media companies, television and movie studios, advertising networks, web video and content providers, game and software delivery, and social media.

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

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