Tuesday, June 14, 2011

Cotendo Raises $17 million for Content Acceleration Service

Cotendo, a start-up based in Sunnyvale, California, raised $17 million private funding for its cloud-based content acceleration technologies.

Cotendo offers an integrated suite of Web and Mobile Acceleration Services from its 30 global distributed point of presence (POPs). Cotendo's single platform software includes acceleration services for dynamic web applications, static and dynamic web content, SSL, Advanced DNS, Adaptive Image Compression, performance monitoring and automatic failover as well as real-time reports and analytics. Cotendo also offers a distributed cloud application environment called Cloudlet that allows decision-making (logic, data) at the edge, closest to the end users.

Strategic investors and new business partners Citrix Systems and Juniper Networks, through its Junos Innovation Fund, participated in this round of funding along with existing venture backers Sequoia, Benchmark and Tenaya Capital. Citrix and Juniper, market leaders in their respective industries, join the growing ranks of Cotendo strategic partners, including AT&T, Google and Sumitomo.

The synergy between the services and technologies of Citrix Systems and Cotendo blend on-premise physical and virtual appliances. The goal is to provide content acceleration and cloud services that optimize delivery from the end user all the way to the enterprise over distributed networks.

The relationship between Juniper Networks and Cotendo will address the demand of service providers for technologies that will enable them to offer value added services and over-the-top services to content providers. This includes mobile carriers, large ISPs, and telecom companies that buy products to serve enterprise customers. Service providers will be able to offer complementary services, with high performance and a low cost of equipment-based capabilities. These software-implemented services on flexible platforms will enable them to gain competitiveness and agility in the marketplace.

Cotendo will also launch and commercialize its new Mobile Acceleration Suite.