EdgeCast Networks is a content delivery network (CDN) that helps companies accelerate and deliver static and dynamic content to end users. Led by Chairman and CEO Alex Kazerani and based in Santa Monica, CA, the company serves major customers including Yahoo!, Tumblr, Pinterest, Twitter, WordPress, Sony, Hulu and Imgur. EdgeCast plans to use recent financing to develop and launch new web acceleration, routing and security services and to further strengthen its intellectual property portfolio. The company also intends to expand its global network and grow international sales and marketing efforts. The article notes the company is heavily hiring in Santa Monica, signaling operational expansion. No revenue or user metrics were disclosed in the article. EdgeCast is a content-delivery network that helps websites deliver multimedia (video, music, live streams) to end users. The company emphasizes a flexible, pay-as-you-go pricing model with no fixed bandwidth contracts. EdgeCast serves over a thousand clients, including IMAX, WordPress, ESPN, Kelloggs, LinkedIn and Lionsgate, and has grown from roughly 300 customers in early 2009 to more than 1,000. Management says it has been profitable since the fourth quarter of 2009. The company is expanding its product pipeline and plans to accelerate development and launches. To support that growth it is adding staff and expanding sales and marketing programs, while growing its delivery network and working with resellers like Deutsche Telekom. EdgeCast is also targeting smaller businesses through partnerships such as the pay-as-you-go offering with ClickStreamTV. EdgeCast is a content-delivery network (CDN) focused on delivering rich media such as live video and music for websites and streaming services. It differentiates itself by charging customers for bandwidth instead of lumping bandwidth costs into other CDN services, which should allow customers to see bill decreases as bandwidth costs fall. The company counts IMAX as a recognizable customer. The broader CDN market is estimated around $800 million, with Akamai controlling about half, underscoring a competitive landscape. EdgeCast closed a $6 million Series B that brought total financing to $10 million and plans to use the new funds to expand internationally, scale network capacity, enhance features, and market to more businesses. Its investor base includes Steamboat Ventures and earlier backers such as Mark Amin and Jon Feltheimer.

Total raised

$70M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2013