BitTorrent Raises $17 Million

Sep 19, 2008

 BitTorrent is a P2P content sharing protocol used to share large amounts of data. The protocol is maintained by Bram Cohen’s company, BitTorrent, Inc. Cohen designed the BitTorrent protocol in 2001. BitTorrent Inc. has raised $17 million in a third round of funding according to PEHub. The investors include DAG Venture,s DCM and Accel Partners. This brings BitTorrent’s total funding to $46.4 million.