Wednesday, March 11, 2009

Cotendo Gains $7M

San Carlos-based Cotendo, which operates a content delivery network (CDN), said Wednesday that the firm has raised $7M in a Series B financing. The round came from Sequoia Capital and Benchmark Capital. According to the firm, the funding will go to augment its team, bring its applications to market, and for new product development. Arad Naveh of Benchmark joins the board as part of the funding. More information »