Financial thoughts

Cotendo Inc., a content delivery network, said Wednesday it $7 million in a second round of funding.

San Carlos-based Cotendo said funding came from Sequoia Capital and Benchmark Capital, which both have offices in Menlo Park.

The company plans to use the money to augment its team, bring its suite of content delivery applications to market and accelerate new product development activities.

"Since we first funded the company last year, Cotendo has developed and deployed a world-class suite of content delivery applications," said Randy Ditzler of Sequoia Capital cash till payday. "With the only CDN service designed specifically as a high performance, agile delivery platform, Cotendo is well positioned to become a leader in the CDN marketplace."

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