EdgeCast, a US-based content delivery network, has secured $54m in D series funding round, led by private equity firm Performance Equity Management (PEM), with follow-on participation from the company’s existing investors, venture capital firm Menlo Ventures and Steamboat Ventures, the corporate venturing arm of US media company The Walt Disney Company. The D funding comprised an equity portion, augmented with a debt facility from Silicon Valley Bank.  Previously, EdgeCast raised a total of at least $20m in funding, including a $10m C round in 2010 from Menlo Ventures, a $6m B round in 2007 from Steamboat Ventures, and a $4m A round from angel investors. EdgeCast was founded in 2006. EdgeCast will use the investment to develop and launch new web acceleration, routing and security services, strengthen its intellectual property portfolio, expand its global network, and bolster its international sales and marketing efforts. Alex Kazerani, EdgeCast chairman and chief executive officer, said: “Millions of people use EdgeCast every day – when they use Twitter, Pinterest, Tumblr, Hulu, or any other of the thousands of sites we accelerate worldwide.” Jim Tybur of PEM said: “EdgeCast has set itself apart from the competition while continuing to grow dramatically year over year.”

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