February 28, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Content delivery network provider Panther Express (pantherexpress.net) announced on Wednesday that it has closed a $15.75 million Series B round of venture financing led by venture capital firm Index Ventures (indexventures.com). Gold Hill Capital (goldhillcapital.com) and Greylock Partners (greylock.com) also participated in the transaction.
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Panther Express, which was founded by the former CEO of DoubleClick, Kevin P. Ryan, says it will be using the funds for international expansion and further infrastructure investment to support its growing list of customers.
In just over two years, Panther Express says it has established an international client base of 250 customers across a broad range of markets including video and audio delivery, podcasting, ad serving, Web hosting, gaming, traditional publishers and social networking companies. With Panther's proprietary caching technology, the company is well tuned for optimal resource usage for all types of content, and with strategically placed large data centers in key locations around the world, Panther is able to achieve the best cache hit ratios resulting in the best real user performance and the lowest costs to its customers, says the company.
"Panther Express is unique in the content delivery industry for combining very rapid growth with an excellent reputation for performance and customer service and a top-tier management team," says Ben Holmes of Index Ventures, who will join Panther's board of directors. "We look forward to leveraging our online experience and European network to build upon Panther’s momentum."
