Wednesday, June 15, 2011

Cotendo Gains $17M

Sunnyvale-based Cotendo, a developer of cloud-based, web acceleration technology, said Wednesday that it has raised $17M in a new funding round. The round included strategic investors Citrix Systems and Juniper Networks, as well as existing backers Sequoia Capital, Benchmark, and Tenaya Capital. The firm said the funding will go towards sales and business developing in Asia-Pacific and Latin America. The firm has now raised more than $36M in funding. More information »