BITTORRENT RECEIVES $8.75 MILLION
HatTip to Rafat. Interesting to see how they commercialize their service.
BitTorrent, the commercial spinoff from the P2P software with the same name, has raised $8.75 million in venture funding, reports PE Week Wire, quoting an SEC filing. The round was led by DCM-Doll Capital Management.
I ran into Ashwin Navin, the COO of BitTorrent, at Digital Hollywood earlier this week and asked him point blank about the funding, but he was coy about it. The company's also working furiously to get any inroads into the Hollywood community, but it is going to be tricky. The Snocap and Mashboxx examples I'm sure give hope to the company and the new investors.
I suggested that changing the company name might help in getting traction with the media and entertainment community, but Navin dismissed any such moves.