Silicon Alley Insider reports that another SIIA Previews Class of 2007 company has completed a raise. Congratulations to Pando!
Pando Networks, a peer-to-peer content delivery network, has raised $8 million in financing, VentureBeat reports.
Wheatley Partners and BRM Capital Fund participated in the round. The
company has raised $20 million to date, according to streaming media analyst Dan Rayburn.
Pando started out as a company promising faster transfers of large
files, and now it’s gotten into video streaming. Most recent big deal:
It’s the tech company behind NBC U’s (GE) lackluster NBC Direct.