P2P Media Distributor Azureus Raises $12 Million

Authored by Mark Hefflinger on December 4, 2006 - 2:40pm.

Palo Alto, Calif. - Azureus, a provider of peer-to-peer distribution services for large files, announced on Monday that it has raised $12 million in its second round of venture capital financing. Redpoint Ventures led the investment round; Greycroft Partners, BV Capital and CNET chairman Jarl Mohn also participated.

Palo Alto, Calif.-based Azureus also on Monday introduced a new digital media platform, Zudeo, which allows content providers to publish and distribute HD or DVD-quality video and games on the Internet at no cost. The company said its Java-based Azureus BitTorrent client has been downloaded over 130 million times, and commands the largest installed base of BitTorrent users in North America and Europe. Version 3.0 of Azureus has been codenamed Zudeo.

"Today, content owners and publishers can use Zudeo to freely promote and distribute their digital creations, without length or quality limitations," said Azureus CEO, Gilles BianRosa. "Furthermore, content creators and publishers can use our social networking tools to expose their content throughout the Web, including blogs and social networks."

Related Links:
http://tinyurl.com/yzpdo7
http://www.zudeo.com