Venture Capital funding continues to flow into the CDN Ecosystem at a healthy pace. Distil Networks just raised $21M in Series B, bringing its total to $38M; Qwilt raised $25M in Series D, bringing its total to $67.1M. The twelve start-ups listed below have raised a total of $448.2M. In the next six months, we’ll see another 2-3 start-ups raise additional rounds. Aryaka Networks has raised the most, followed by Instart Logic and Qwilt. The interesting data point in the matrix below – Series C is the round that receives the most funding. On a side note, if CloudFlare goes public and reaches $7B in market cap – that’s a very good thing, as it will raise the profile of the CDN business model to new heights.
Venture Capital Funding (in Millions)
| CDN | Started | Seed/Other | A | B | C | D | E/Other | Total |
| PeerApp | 2004 | 8 | 3 | 11.5 | N/A | N/A | N/A | 22.5 |
| Aryaka | 2009 | 9.2 | 14 | 15 | 25 | 10 | 24 | 97.2 |
| Cloudflare | 2009 | N/A | 2.1 | 20 | 50 | N/A | N/A | 72.1 |
| Yottaa | 2009 | N/A | 4 | 9 | 16 | 10.4 | N/A | 39.4 |
| Instart logic | 2010 | N/A | 9 | 17 | 26 | N/A | 43 | 95 |
| Qwilt | 2010 | N/A | 9.1 | 15 | 18 | 25 | N/A | 67.1 |
| Distil Net | 2011 | 2 | 10 | 21 | N/A | N/A | 5 | 38 |
| Fastly | 2011 | N/A | 4 | 10 | 40 | N/A | N/A | 54 |
| Rev Sft | 2012 | 4.3 | Â N/A | Â N/A | Â N/A | Â N/A | Â N/A | 4.3 |
| Kwicr | 2012 | 1.6 | 6.5 | N/A | N/A | N/A | N/A | 8.1 |
| Twin Prime | 2012 | N/A | 9.5 | N/A | N/A | N/A | N/A | 9.5 |
| Zenedge | 2014 | Â N/A | 3.5 | Â N/A | Â N/A | Â N/A | Â N/A | 3.5 |
| 17.1M | 71.7M | 107M | 175M | 45.4M | 72M | 488.2M |
*estimates from crunchbase.com