Alex Kazerani EdgeCast Networks

EdgeCast Networks Secures $54 million in Series D Growth Investement

CDN Provider EdgeCast Networks today announced it has secured $54 million in new financing, led by Performance Equity Management (PEM), with follow-on participation from the company’s existing investors Menlo Ventures and Steamboat Ventures. The equity portion of the financing was augmented with a debt facility from Silicon Valley Bank. We are proud that our investment partners recognize our incredible performance and share our enthusiasm about our continued growth. – Alex Kazerani, Chairman and CEO, EdgeCast. Roughly two months back,  EdgeCast Networks  launched EdgeCast Transact, a PCI-compliant acceleration and optimization solution for the world’s largest online retailers. This Series D growth investment will help EdgeCast: Develop and launch new web acceleration, Routing and security ...

Skip to toolbar