Thursday, February 28, 2013
EdgeCast Doubles Revenues, Tops 225 Employees
Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. The privately held firm did not disclose its revenues, however, the firm has previously been reported to have had revenues of between $50-100M in revenues in 2011, and $15-20M in revenues in 2009. The firm provides edge network services to help deliver content from such customers as Twitter, Pinterest, Sony, and Hulu to end users. The firm said its "substantial" revenue growth came from supporting around five percent of the world's Internet traffic.
The firm says it has been profitable for the past three years. The big growth is not the first year of blockbuster growth at the company--the firm said last year that it also doubled its revenues between 2010 and 2011. Those data points, along with revenue range figures reported elsewhere, implies that the company now has revenues of perhaps between $100M and $200M. EdgeCast has announced only a total of$20M in funding, from Menlo Ventures and Steamboat Ventures.