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Edgecast is getting love again:
When we watch movies or play music online, there’s a flurry of unseen activity making sure that data arrives when and where it’s supposed to be. This is the job of the high speed fiber and computer systems of the internet’s content distribution networks (CDNs).
Every website that streams content (live video, music) needs a CDN. The flurry of new media online has made it a prime time for companies like Akamai, Limelight Networks, Level 3, VitalStream, BitGravity, and EdgeCast who provide fast and efficient ways to deliver rich media to millions on the internet. The market is estimated to be around $800 million, of which Akamai controls about half.
One of the newer networks, EdgeCast (2006), has closed a $6 million in Series B financing led by Steamboat Ventures, which is affiliated with The Walt Disney Company, bringing their total financing to $10 million. Steamboat joins Series A investors such as Mark Amin, Chairman of CinemaNow as well as Jon Feltheimer, CEO of Lionsgate films.
CDNs Are Big Business, EdgeCast Get $6 Million
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