Wednesday, November 12, 2008

PeerApp Raises $8 Million in Second Round - Newton, MA

PeerApp, a Newton-based provider of media caching and bandwidth arbitrage technology for ISPs, has raised $8 million in its second round of venture capital, which was led by Pilot House Ventures, Cedar Fund and Evergreen Venture Partners. Founded in 2004, PeerApp offers products that help ISPs satisfy subscriber demand. The company has additional offices and personnel located in Europe, Latin America, China, and the Pacific Rim. The company said it has deployed more than 100 of its bandwidth and media caching systems since the products introduction in 2006.


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