Million Dollar Babies: Cloud Startups Get Big Funding Bumps


From Sunnyvale, Calif., cloud-based acceleration player Cotendo completed a $17 million private funding round the company plans to use to fuel its long-term growth strategy and continued technology innovation. It will also be used to bulk up Cotendo's global presence and push it into new markets, the company said. The $17 million investment came from Citrix Systems and Juniper Networks, through its Junos Innovation Fund, and from existing venture backers Sequoia, Benchmark and Tenaya Capital. Cotendo provides Web and mobile acceleration services and technologies that enable Web site operators and large enterprises to improve Web performance and simplify content delivery management.

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