Stealthy CDNs Clearleap, Cotendo Get Funding
Several stealth-mode startups in the content delivery business have received funding, continuing the surge of venture capital investment in CDNs.
- Atlanta-based video startup Clearleap has closed a $9 million first round of venture capital funding led by Trinity Ventures and Noro-Moseley Partners. “Financial backing from industry leaders like this will help us more quickly deliver the next generation television experience,” said Braxton Jarratt, co-founder and CEO of Clearleap. Trinity hailed Clearleaf’s “pioneering approach to video delivery,” but there were no aditional details. But Jarratt told Light Reading that the company is “not recreating the CDN wheel” – suggesting something in the CDN-ish realm.
- Venture Beat reports that Israeli startup Cotendo has received funding from Sequoia Capital, which says that Cotendo “develops a unique Content Delivery Network (CDN) platform, with better performance and low operational costs.” Om Malik reports that co-founders of the company are Ronni Zehavi and David Drai, who both worked for anti-spam and security software company, Commtouch Software
We’ll have to wait to learn more. But the content delivery market, which already has more than 30 competitors, will soon be even more crowded. And with all this talk of “unique” and pioneering” technology and low operating costs, I’ll bet that we’ll see more CDNs integrating P2P technology like Velocix, which this morning announced a streaming P2P hybrid CDN offering for live events.