P2Profitability? We'll find out soon enough. Pando, a Bittorrent based approach to moving large files between parties, has closed a $7 million dollar second round investment. "Pando's unprecedented ease of use and direct desktop-to-desktop functionality is perfect for people who don't have the time or inclination to maintain a social network site. Pando lets you simply send your personal media, hassle-free," said Robert Levitan, Pando Networks co-founder and CEO. Levitan also co-founded media site iVillage, which was sold recently to NBC/Universal.
Since its closed-beta launch five months ago, Pando has become a viral success story with more than a half-million people having installed the software. To date, Pando has delivered more than a petabyte, or 1 billion megabytes, of data.
We mentioned Pando recently, after they caught the attention of CNN's Om Malik.
