CDN Panther Express Raises $15.75 Million In Series B Round

As expected, this morning Panther Express announced it had closed $15.75 million in series B funding lead by Index Ventures. Gold Hill Capital and existing investor Greylock Partners also participated. 

In the press release,Panther does not gives any real details on what they will use the money towards other than to say for "international expansion" and "further infrastructure investment". Currently Panther has 250 customers, 50 of which are based in Europe.

The big question I have is whether or not Panther Express will use any of this money to build out their network to support streaming, since right now they only support video delivery via progressive downloads.

Note: I have a briefing call with Panther Express later in the day and will update this post should I get any additional details.

Comments

[Asher Harry]

Hi Dan. Any update about what Panther plans on using the money for?

[Dan Rayburn]

Hi Asher, after speaking with them they plan to use the money to increase their sales force, add more capacity to the network and continue to scale the volume of traffic they can deliver.

At this time, they said they don't plan on adding or supporting any streaming media related products and services.