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EdgeCast raises $54m

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EdgeCast Networks 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, this Series D growth investment will help EdgeCast develop and launch new web acceleration, routing and security services, further strengthen its rich intellectual property portfolio, expand its global network, and bolster its [...]

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