Pando Networks, provider of peer-assisted content delivery services, has raised a $8.12 million second round of financing, from undisclosed backers (as reported by PE Hub). The investment falls short of Pando’s initial plan to raise $21 million (see Globes’ article). A prior round of approximately $11 million was raised in 2006 by Intel Capital, BRM Capital and Wheatley Partners.
Pando offers a free personal version that allows users to, Send 1GB files & folders via any email or IM, Subscribe to and share full-screen internet TV and Post downloadable videos & photos to any site. In addition, Pando has a paid, premium offering faster speeds and no ads.
Last week Pando announced it will provide video delivery services for the new NBC Direct service, offering free high-resolution downloads of programs across the NBC prime time line up. As part of the agreement Pando will be in charge of transfering the content and protecting the copyrights of NBC by using encryption tools.
Pando was founded in March of 2005 by Laird Popkin, current CEO Robert Levitan and Yaron Samid, who had previously founded companies in BRM’s portfolio and recently left Pando to work on a new initative. The company currently serves about 17 million customers worldwide.
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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