Cloud Technology Startup Cotendo Raises $17 Million From Citrix, Juniper, VCs

Cotendo, which specializes in cloud-based acceleration technologies, this morning announced that it has raised $17 million in funding from strategic partners Citrix and Juniper Networks (through its Junos Innovation Fund) and previous backers Sequoia, Benchmark and Tenaya Capital. The company says the proceeds will be used to support its growth (particularly in Asia-Pacific and Latin America) and ramp up delivery of dynamic content for mobile and web applications.

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