BitTorrent Downloads $20M |

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BitTorrent Downloads $20M

11. December 2006, 3:07 Uhradmin

Web content delivery startup BitTorrent ended perhaps its best week ever with an announcement Friday that it scored $20 million in its second round of funding, which it plans to use to raise its profile as a leading brand in the content distribution market.

On Wednesday, two-year-old BitTorrent said it had signed Internet distribution deals with about eight film studios and TV networks, and was on its way to establishing itself as a service that drives other web sites that frequently move large files, à la “Intel Inside” (see BitTorrent Hooks Big Studios).

Accel Partners, which led the new round, will join Doll Capital Management, BitTorrent’s original investor, which bankrolled the company to the tune of $8.75 million more than a year ago (see BitTorrent Gets $8.75M).

“When I created BitTorrent in 2001, my mission was to solve the problem every web site has when distributing large, popular files,” BitTorrent CEO Bram Cohen said in a statement.

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A peer-to-peer (or P2P) computer network relies primarily on the computing power and bandwidth of the participants in the network rather than concentrating it in a relatively low number of servers. P2P networks are typically used for connecting nodes via largely ad hoc connections. Such networks are useful for many purposes. Sharing content files (see file sharing) containing audio, video, data or anything in digital format is very common, and realtime data, such as telephony traffic, is also passed using P2P technology.A pure peer-to-peer network does not have the notion of clients or servers, but only equal peer nodes that simultaneously function as both "clients" and "servers" to the other nodes on the network. This model of network arrangement differs from the client-server model where communication is usually to and from a central server. A typical example for a non peer-to-peer file transfer is an FTP server where the client and server programs are quite distinct, and the clients initiate the download.