Nasdaq-listed technology companies Citrix Systems and Juniper Networks have backed the latest $17m funding round of US start-up Cotendo.
Juniper’s Juno Innovation Fund and Citrix joined existing backers of Cotendo, which include US venture capital firms Sequoia Capital, Benchmark and Tenaya Capital.
The fundraising follows a series C round for Cotendo last year, which raised $12m, and was led by Tenaya. The company’s series B round raised $7m from Sequoia and Benchmark in 2009 and its series A round raised an undisclosed sum from Sequoia in 2008, meaning the company has raised more than $36m in its history.
Cotendo’s technology accelerates the delivery of content across cloud computing networks. It also has strategic partnerships with US telecommunications company AT&T, US search engine Google and Japanese bank Sumitomo.
Simon Crosby, chief technology officer of Citrix, said: "Cotendo is the innovation leader in accelerating sophisticated content and applications over the internet, mobile and from the cloud, which perfectly complements the Citrix portfolio of cloud networking and virtualisation solutions."
Manoj Leelanivas, executive vice president and general manager of the Junos Application Software Business Group at Juniper, said: "Innovative CDN [content delivery network] providers such as Cotendo can help meet such needs by bringing value-added software services to market more quickly, leveraging the Junos Platform and Juniper Media Flow Solution."