Burlingame, Calif. - BitGravity on Monday announced the launch of its new content delivery network optimized for video and rich media, and said it has signed over 50 customers, including Sling Media, the maker of content place-shifting devices. Burlingame, Calif.-based BitGravity is privately funded. "Media companies are experiencing a technology barrier; they know in theory they can build applications online in unforeseen ways, but in practice, the current CDN infrastructure is too limiting to realize their vision," said Perry Wu, CEO and co-founder of BitGravity.

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