Centri Technology, a Seattle, WA-based provider of mobile bandwidth optimization and bandwidth management solutions, completed a $13m Series C round of financing.
Backers included Angel Valkyrie and existing investors.
The company intends to use the funds to further accelerate the expansion and deployment of its BitSmartCX solution to global mobile network operators, as well as contribute to the growth of its product development, support and sales teams (read here).
Led by Vaughan Emery, founder and CEO, Centri provides mobile network operators with solutions to intelligently optimize and manage the flow of data across their networks in real-time – reducing the need to invest in additional network infrastructure while reducing backhaul, spectrum and transport costs. Its flagship product, BitSmartCX, uses patented optimization techniques that dynamically reduce the amount of data transmitted across the network via byte-level caching technology, between the device, the radio network backhaul, and the network core.
It can be deployed at the mobile network via three different ways:
– at network aggregation point,
– within the radio network base stations, or
– within the endpoint device such as a smartphone, mobile tablet, smart meter, point-of-sale kiosk, automobile, etc.
FinSMEs
31/10/2013