Cotendo, a Sunnyvale, California-based innovative CDN and Site Acceleration Services Provider, has closed a $12m Series C financing round.
The investment was led by Tenaya Capital, with participation from current investors Sequoia Capital and Benchmark Capital.
The company will use the funds to scale its domestic and international market expansion, as well as accelerate the development of innovative technology. Cotendo recently opened a local presence in France and Germany.
In conjunction with the funding, Tom Banahan, Managing Director of Tenaya Capital, will join the company’s board of directors.
Cotendo’s suite includes high-performance acceleration of dynamic and static content, intelligent load balancing, performance monitoring, and real-time reporting. It improves the ability of Internet content providers – including high-volume transactional enterprises, online retailers, financial services companies, advertising networks, professional news and social media sites -to offer fast and reliable “whole site” acceleration of both static and dynamic content to online customers and site visitors.
Founded in 2008, the company operates R&D in Israel.
FinSMEs
04/05/2010