EdgeCast Gets $54M For Content Delivery Efforts

Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. EdgeCast said the Series D growth investment will go towards developing and launching new services. EdgeCast also said the funding included a debt facility from Silicon Valley Bank. EdgeCast explained that it is in its fourth consecutive year of profitability, and that the funding will help launch new web acceleration, routing and security services, plus help with international sales and marketing efforts. More information »