CDN and P2P Funding Continues: Grid Networks Raises $9.5M

Yesterday, Grid Networks announced they had raised $9.5M led by Panorama Capital and two strategic partners who’s names would be disclosed in the future. Not surprisingly, Grid says they will use the money to expend the development of their "network-friendly P2P service" and grow their distribution business.

Grid is the first of multiple companies who will announce investments before the end of the year. EdgeCast, CacheLogic and Panther Express are all expected to make funding announcements in this quarter.