BitTorrent Receives $20 Million in Venture Capital
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A peer-assisted, digital content delivery platform that provides easy and fast means for distributing, discovering, and having large and high quality files on the Internet easily distributed, Bit Torrent has already created a loyal database of users.
With the new round of funding, the company will build on its growth and leadership in the high-performance digital content distribution and delivery platform. The funds will also be used to expand the e-commerce business for the company.
With increasing affinity for file sharing through peer-to-peer networking applications, Bit Torrent has hit the jackpot. The company aims to provide fast and easy means for downloading large sized files (games, software, music, images etc.) while maintaining the quality of these files. The digitalized content delivery system allows for effective and accurate searches while delivering content that entertains and informs the virtual world.
Funding Total: $17,000,000
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|Investors: DCM, Accel Partners, DAG Ventures|