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Move Networks Raises $3.0M, Sets Up Shop In Irvine

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Move Networks , a developer of adaptive streaming technology used to stream high definition television over the Internet, has raised $3.0M in a funding round, part of what appears to be a $20M targeted fundraising effort, and also set up its corporate headquarters in Irvine. and Steamboat Ventures. and Steamboat Ventures.

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EdgeCast Networks Raises $10M

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Santa Monica-based EdgeCast Networks , a content delivery network (CDN) provider, is announcing today that it has raised $10M in a Series C funding round. EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. READ MORE>>.

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EdgeCast Doubles Revenues, Tops 225 Employees

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Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. The firm provides edge network services to help deliver content from such customers as Twitter, Pinterest, Sony, and Hulu to end users. READ MORE>>.

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EdgeCast Gets $54M For Content Delivery Efforts

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Santa Monica-based content delivery network EdgeCast has just filled up its warchest, announcing Thursday that it has raised $54M in a big funding round. The new funding was led by Performance Equity Management, and also included existing investors Menlo Ventures and Steamboat Ventures. READ MORE>>.

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Rustic Canyon, Steamboat Get Exit At MerchantCircle

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Two Southern California venture capital firms have benefited from an acquisition yesterday of Mountain View-based MerchantCircle , an online local business advertising and networking site, by fellow online advertising firm Reply! MerchantCircle's other backers are Scale Venture Partners and IAC.

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Passenger Gains $7.5M More

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Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. in an investment. READ MORE>>.

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Why The Growth Of The Internet Is Driving EdgeCast's Revenues

socalTECH

What is it about the content delivery network market which has enabled Santa Monica-based EdgeCast to go from startup to over $100M in revenues in only a few, short years? We serve up four to five percent of the global Internet on our network. We're privately funded today, with some equity from Menlo Ventures and Steamboat Ventures.

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