Opanga Networks, a Seattle, WA-based provider of pragmatic video optimization solutions, completed a Series A financing round.
This latest round, which was led by Axtel S.A.B. de C.V, a publicly-traded telecommunications company, with participation from Opanga’s existing investors, brings the total investment in the company tp US$5.5m.
The new capital will support the company in expandind its operations and further funding the development of its NetRover™ suite of patented solutions, which help operators manage the massive growth of video-based data traffic on their networks.
In conjunction with the financing round, Iván Alonso Hernandez, executive director of Innovation and Technology at Axtel, has joined Opanga’s board of directors. He joins C. James Judson, founding president and a former board member of Nextel International, Ed Salley, former executive with AT&T, AT&T Wireless, NorthStar Communications Group, and PRTM Management Consultant, and Dave Gibbons, CEO and co-founder of Opanga.
Advisory board members include Bill Owens, managing director of AEA Investors and former vice chair of the Joint Chiefs of Staff; Larry Seifert, former executive vice president of AT&T Wireless Services, and Arlen Prentice, chairman and CEO of Kibble & Prentice.
The company operates engineering teams in Redmond, WA and Monterrey, Mexico.