BitTorrent Inc. said Friday it raised $20 million in a second round of venture capital to help commercialize a popular open source project for delivering media content, to encompass mass market content distribution services for large media customers.
The San Francisco-based company added Accel Partners of Palo Alto, Calif., as lead investor in the round, joining DCM-Doll Capital Management of Menlo Park, Calif., which backed the company’s $8.75 million first round of September 2005. That round allowed BitTorrent to build a branded content aggregation site using open source software originally developed by founder and chief executive Bram Cohen.
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