Vasona Networks Closes $12M Series B Funding

Vasona Networks Inc., a Santa Clara, California-based developer of platforms for mobile network capacity and resource management, closed a $12m Series B funding.

The round, which brings the total amount raised by the company to date to $22m, was led by Bessemer Venture Partners, with participation from New Venture Partners.

Vasona Networks intends to use the proceeds to accelerate its growth and expand field operations, while continuing investment in its research and development activities.

Founded in 2010 and led by Biren Sood, CEO, Vasona Networks provides the SmartAIR1000™ edge application controller, which works with mobile traffic across all applications, at granularity of every cell in a network, and assesses and acts on congestion based on where it is occurring and what is causing it.
The solution allows mobile operators around the world to effectively use resources as they face expensive and complex upgrades to add network capacity.
The company has research and development offices in Tel Aviv, Israel.
It is currently hiring (read here).



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