Sequoia funds mysterious Israeli startup Cotendo
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Tech Confidential has an interesting post about Sequoia’s latest investments. According to the article, VC giant Sequoia Capital recently added four new companies to its portfolio –all headquartered outside the U.S. One of these companies is an Israeli startup called Cotendo.
What do we know about Cotendo? not much since the company’s website is just a placeholder landing page, which hints that the company must have serious technology if Sequoia decided to get in bed with them.
Sequoia’s website on the other hand, is not blank at all. The fund describes Cotendo as “unique Content Delivery Network (CDN) platform, with better performance and low operational costs”. The lead investor in the deal was Haim Sadger, a Partner with Sequoia Capital Israel focusing on mobile, semiconductor, systems and software investments. Neither Sequoia nor any of three other companies announced the sizes of the investments.
The three other companies who got investments from Sequoia are: Tribi Embedded Technologies Private Ltd., a developer of motor control, pump and cooling drive technology for appliances and electronic devices, 7Strata Inc., an information technology infrastructure management company and lastly, telephony systems developer Data Connection Ltd., which has has been around for almost 20 years.
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