PeerApp Raises $3 Million of Venture Capital - Newton, MA

PeerApp, a Newton-based provider of peer-to-peer (P2P) technology for Internet service providers, has raised $3 million of venture capital from a group including Pilot House Ventures, Evergreen and Cedar Fund, according to a report by PE Week Wire, which cited a regulatory filing. Founded in 2004, PeerApp offers P2P caching technology that allows ISPs to handle the impact of P2P traffic growth on their networks. It also offers a platform to obtain revenue through new P2P service offerings.

http://www.peerapp.com/