Posted by : Randy Cooper in (CDN)

BitGravity’s Philosophy: Take It Easy

BitGravity’s seemingly slow approach in terms of CDN sales might be changing thanks to some new customer wins and the recent announcement of $2.5 million in funding.

An article on The Motley Fool caught my eye earlier this week, since even though Fool focuses on publicly-traded companies this one discussed a streaming content delivery network (CDN) company that’s not publicly traded. I followed up with the company, BitGravity, and spent some time talking to the CEO and Founder, Perry Wu.

Wu’s demeanor in the Fool article was described as brash, but I’ll chalk it up to a founder’s passion as I found him more laid back (or maybe I’m just in New York too much these days) and open to most any question I asked. He may have a bit of a right to be brash, though, as they’ve just closed a round of funding.

“In the past 18 months, CDN and P2P-based delivery vendors have raised over $300 million to build out and deploy content delivery services,” said Dan Rayburn in his BusinessOfVideo blog. “So it should be no surprise to hear that BitGravity announced last week that it had raised $2.5 million from Allen and Company and Blake Krikorian, the co-founder and CEO of Sling Media.

Source: http://www.streamingmedia.com/article.asp?id=10614

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