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Cotendo Closes $17 Million Venture Capital Round

Thursday, June 16, 2011 5:54:00 AM PDT | VentureDeal Staff

   Sunnyvale, California  --  Software company Cotendo has received $17 million in its fourth round of institutional venture capital investment.

Cotendo has created a suite of content delivery applications to provide content providers with sophisticated management of their applications.

Investors in the round were Citrix Systems, Junos Innovation Fund, Sequoia Capital, Benchmark Capital and Tenaya Capital.

The company said it would use the funding proceeds for technology development and expansion into new markets.

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