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PeerApp Raises $8 Million

PeerApp, a Newton, MA-based maker of caching servers that Internet service providers use to speed delivery of frequently-downloaded peer-to-peer video and music files, said today that it has closed an $8 million Series B financing round. Investors Pilot House Ventures, Cedar Fund, and Evergreen Venture Partners, who ponied up $3 million in Series A funding in January, all returned for the Series B, which will go toward an expansion of the startup’s sales and marketing operations. We profiled PeerApp last December.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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