Content delivery applications provider Cotendo raised $7 million from Sequoia and Benchmark

noreply@blogspirit.com (ARPU~UP) — Fri, 13 Mar 2009 09:13:00 +0100

Content delivery applications provider Cotendo has raised $7 million in Series B financing from Sequoia Capital and Benchmark Capital. The new financing round, which follows initial funding by Sequoia Capital in January 2008, enables Cotendo to bring its advanced suite of content delivery applications to the market, and accelerate new product development activities.

Targeting the content delivery network (CDN) marketplace, Cotendo offers a complete suite of Internet content delivery applications that addresses the sophisticated and evolving needs of mid-market content providers. The Cotendo Content Delivery Application Suite improves performance and user experience while giving content providers application-level flexibility to control content in real time.

"Some areas of technology get starved for a long time. Content delivery is one of them. It has been years since fresh eyes were trained on the subject and during this period the amount of content conveyed around the Internet has multiplied at a rate that even rabbits would admire," said Michael Moritz, general partner of Sequoia Capital. "Cotendo offers a reprieve for content providers trapped within the confines of antiquated solutions."

Cotendo was founded in 2008 by Ronni Zehavi, CEO, Udi Trugman, Vice President of R&D, and David Drai, Chief Technical Officer, all experts in intelligent content management systems. The Cotendo team also includes Gary Baldus, Vice President of Operations, and Mike Sawyer, Vice President of Marketing, both experienced executives from the CDN Industry. The company is headquartered in Silicon Valley with R&D based in Israel.

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Israel Science Technology - content-delivery

Content delivery applications provider Cotendo raised $7 million from Sequoia and Benchmark