Sunnyvale, Calif. — Cotendo, a provider of cloud-based acceleration technologies, announced on Wednesday the completion of a $17 million funding round.
Juniper Networks and Citrix Systems joined existing backers Tenaya Capital, Benchmark and Sequoia as participating investors in the round.
The Sunnyvale, Calif.-based firm plans to use the funds to continue global expansion.
The company plans to launch a new mobile content acceleration service, and also embark on rapid sales and business development expansion in Asia-Pacific and Latin America.
“Tapping into the world’s economic growth engines, both in rapidly expanding regional economies and rapidly expanding verticals, will supercharge the long-term growth of Cotendo,” said Cotento co-founder and CEO Ronni Zehavi.