BitTorrent Downloads $20M
Web content delivery startup BitTorrent ended perhaps its best week ever with an announcement Friday that it scored $20 million in its second round of funding, which it plans to use to raise its profile as a leading brand in the content distribution market.
On Wednesday, two-year-old BitTorrent said it had signed Internet distribution deals with about eight film studios and TV networks, and was on its way to establishing itself as a service that drives other web sites that frequently move large files, à la “Intel Inside” (see BitTorrent Hooks Big Studios).
Accel Partners, which led the new round, will join Doll Capital Management, BitTorrent’s original investor, which bankrolled the company to the tune of $8.75 million more than a year ago (see BitTorrent Gets $8.75M).
“When I created BitTorrent in 2001, my mission was to solve the problem every web site has when distributing large, popular files,” BitTorrent CEO Bram Cohen said in a statement.

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