BitTorrent Gets $17 Million More For P2P Distribution
This story was written by Joseph Weisenthal.
BitTorrent, the P2P-based content distributor, has raised a $17 million third round from past backers DCM and Accel Partners, as well as DAG Ventures according to peHUB, citing a regulatory filing. It's now raised a total of $46.4 million. The company isn't the same as the popular mode of illegal file sharing, but the company has been challenged to shake that reputation among media firms it hopes to sign up as clients of its service. Also, as peHUB points out, it's in the same boat as other companies doing P2P content delivery (Pando is another big one)namely that it requires users to download their own client to use the platform. Last month the company announced layoffs, though the exact number is in dispute.
By Joseph Weisenthal