Stealthy CDNs Clearleap, Cotendo Get Funding

Atlanta-based video startup Clearleap has closed a $9 million first round of venture capital funding led by Trinity Ventures and Noro-Moseley Partners. "Financial backing from industry leaders like this will help us more quickly deliver the next generation television experience," said Braxton Jarratt, co-founder and CEO of Clearleap. Trinity hailed Clearleaf's "pioneering approach to video delivery," but there were no aditional details. But Jarratt told Light Reading that the company is "not recreating the CDN wheel" - suggesting something in the CDN-ish realm.

Venture Beat reports that Israeli startup Cotendo has received funding from Sequoia Capital, which says that Cotendo "develops a unique Content Delivery Network (CDN) platform, with better performance and low operational costs." Om Malik reports that co-founders of the company are Ronni Zehavi and David Drai, who both worked for anti-spam and security software company, Commtouch Software