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…

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