VitalStream Raises $11 Million in Private Placement

Vitalstream, an Irvine, CA-based provider of provider of content delivery and streaming media services, has raised $11 million in a private placement.

The lead investor in the transaction is WaldenVC…other investors include Dolphin Equity Partners, Newlight Associates, Stephens Investment Management and the RS Orphan Fund, headed by Paul Stephens, a co-founder of the investment banking firm of Robertson Stephens & Company.

The company’s listed on the ITC board and hopes to use this money for various steps to take it to Nasdaq market listing.

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