Adero Secures $72 Million in Third Round of Funding for Global Content Distribution Services

Adero, Inc., a leading provider of global content distribution services designed for e-businesses, has completed a $72 million third round of funding from a group of strategic investors. This move is expected to fuel Adero's next stage of growth, as it aims to enable global businesses to leverage the power of the Internet via a trusted intelligent open infrastructure. The funding round has seen major players such as Intel Capital, Inktomi, Microsoft, and Reuters invest in Adero, underscoring the company's unique business model and services.

Key Takeaways:

• Adero has secured $72 million in its third round of funding, with strategic investors including Intel Capital, Inktomi, Microsoft, and Reuters.
• The funding will be primarily used to develop technologies, partnerships, marketing, and sales efforts that will enable Adero to execute its strategy of providing global content distribution services.
• Adero's unique business model has attracted investors who see the value in its services for global businesses, with chairman and CEO Jonathan Crane stating that the investment is a "major factor" in implementing its business strategy.
• Inktomi's president and CEO, David Peterschmidt, highlighted the strategic alliance between Inktomi and Adero, stating that it will enable the build-out of next-generation Internet infrastructure for enhanced content distribution.
• Intel's Tom Lacey praised Adero's technology and business model, stating that Intel Architecture is the best technology for powering networks on the edge of the Internet.
• Microsoft's Thomas Koll emphasized the importance of Adero's platform, which will allow ASPs to easily create Internet applications and e-commerce solutions that can communicate with each other, independent of location.
• Other investors in this round of funding include Mitsubishi Corporation, Hikari Tsushin, Inc., Bowman Capital, and ING Barings, bringing the total financing to $105 million.

Statistics:

• $72 million: The amount of funding secured by Adero in its third round of funding.
• $105 million: The total amount of funding raised by Adero to date.
• 5: Number of strategic investors participating in this round of funding, including Intel Capital, Inktomi, Microsoft, Reuters, and others.

Sources:

• Business Wire - Adero, Inc.
• Intel Corporation
• Inktomi
• Microsoft Corporation
• Reuters