Neuralitic Systems Closes $8M Series B Funding Round
Published On January 31, 2011 |
Neuralitic Systems, a Montreal, Canada-based provider of mobile data intelligence (MDI) solutions for mobile operators, has closed an $8m Series B funding round.
The investment was led by new investor Export Development Canada, with participation from all existing investors BlackBerry Partners Fund, BDC Venture Capital, Vertex Venture Capital and GO Capital LP.
This investment brings the total amount raised by the company to date to $20m.
The company intends to use the funds to expand sales efforts and scale operations to accelerate the deployment of its Seven Flow MDI platform with mobile operators in Europe, Asia and North America.
SevenFlow is designed to help mobile operators optimize their marketing initiatives by providing a sophisticated analysis of network, application and data usage patterns. By extracting and analyzing 100% of data usage from all mobile data subscribers on a wireless network, it provides a 360-degree view of subscribers’ and roamers’ mobile journeys
Founded in 2007 by Audry Larocque, Neuralitic Systems has its R&D centre in Montreal, Canada, and a local presence in the United States, EMEA and Asia Pacific.