P2P Company Pando Networks Raises $8 Million

Dan Rayburn | Wednesday March 12, 2008 | 10:39 AM | Comments (1)

Pandologo_4
New York based Pando Networks, a P2P content delivery network has raised $8 million dollars in new money from existing investors. Reports that Pando is looking to raise $20 million are incorrect. Combined with the previous funding, Pando has raised $20 million dollars to date but it not looking to raise $20 million in new funding.

Pando Networks plans to use the money to build out its sales and marketing force. Back in November I profiled Pando Networks win of the NBC Direct contract with should be going live in the next few weeks.

Filed in Acquisitions & Investments, Content Delivery | Permalink | Comments (1)