The deal activity in the content delivery industry continues to tick, as another new CDN gets funded, this time by two VC heavyweights: Cotendo has raised $7 million in its second round of funding, from Sequoia Capital and Benchmark Capital. It has been in incubation for a year, and received its initial first round in Jan last year, also from Sequoia. Last month two smaller CDNs were bought out, though both of them were on the small end: CDNetwork bought Panther Express, and *Qualcomm* bought Digital Fountain (which had a CDN as well, among other services).
Contendo, based in San Carlos, CA, developed its technology in Israel, and says it is targeting mid-tier companies, thus staying out of the hairs of bigger competitors like *Akamai* and *Limelight*. IT says it is only one of the two companies in the space that can serve dynamic content for the whole website, the other being Akamai (NSDQ: AKAM). It is deliberately not focusing on video delivery, something others players in the market have served well, it says. More details in release.
By Rafat Ali