Azureus turns 3.0 and raises $12 million

Dave Horvath
5 Dec 2006 8:05

Java based P2P client Azureus recently released its newest version, 3.0, thanks in part to its own adventure into venture capital financing. Funding was raised in partnership with Redpoint Ventures, Greycroft Partners, BV Capital and CNET chairman Jarl Mohn.
These efforts have not been all for naught with Azureus, being one of the more popular downloaded P2P applications. Some of the 130 million people who've downloaded the client will be able to treat themselves to the upgraded 3.0 version, dubbed Zudeo. Zudeo is geared towards digital media sharing and can allow publishers to distribute HD and DVD quality media at no cost.
"Today, content owners and publishers can use Zudeo to freely promote and distribute their digital creations, without length or quality limitations," said Azureus CEO, Gilles BianRosa. "Furthermore, content creators and publishers can use our social networking tools to expose their content throughout the Web, including blogs and social networks."
Source:
DMW

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