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Wednesday, October 31, 2007

CDN and P2P Funding Continues: Grid Networks Raises $9.5M

Gridnetworks_2 Yesterday, Grid Networks announced they had raised $9.5M led by Panorama Capital and two strategic partners who's names would be disclosed in the future. Not surprisingly, Grid says they will use the money to expend the development of their "network-friendly P2P service" and grow their distribution business.

Grid is the first of multiple companies who will announce investments before the end of the year. EdgeCast, CacheLogic and Panther Express are all expected to make funding announcements in this quarter.

Posted at 11:14 AM in Acquisitions & Investments, Content Delivery |

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Dan Rayburn: 917-523-4562 - danrayburn.com - e-mail
EVP, StreamingMedia.com, Principal Analyst, Frost & Sullivan

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Daily posts by Dan Rayburn about the online video industry, business trends & analysis, market data & research as well as the online video business models in the media & entertainment, broadcast, advertising & enterprise industries.

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