ATLANTA – Highwinds, a content, network and hosted IP services business, has blown in a $35 million debt financing led by Silicon Valley Bank. The company delivers live event streaming, on-demand video and large file downloads over its high-performance RollingThunder network to millions of global users daily.
Highwinds raised $55 million in venture backing from Alta Communications and General Catalyst Partners and an additional undisclosed investment from the European Founders Fund in 2008.
The company says it will use the proceeds of this recent financing to refinance existing debt and accelerate its growth.
Since 2002, Highwinds has developed content replication and delivery software and services. This led to a number of technology innovations in network management, distributed file system technology and advanced content routing methods.
The company’s high-performance RollingThunder network and StrikeTracker content management and reporting dashboard enable clients to deploy and manage content, file downloads and streaming media.
“With sustained growth, continued success in the market and a desire to have the flexibility to further expand our platform and network to bring valuable content to users around the world, we sought out a banking partner to help us achieve our business objectives,” said Steve Miller, president and CEO of Highwinds.
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Tags: Atlanat, financing, Highwinds, Internet/New Media, IT, Silicon Valley Bank
