Mobixell Networks Raises $10 Million
Mobixell Networks is a mobile data solutions company that has raised $10 million in funding led by existing investor Azini Capital. Other existing investors that participated include Escalate Capital, Intel Capital, and smac partners. The company plans to use the funding to expand their Mobixell Seamless Access product. This helps mobile operators run networks more efficiently in terms of web and video consumption. Below is the full press release:
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Mobixell Networks Completes $10 Million Financing Round
The round was secured from all existing financial investors
SAN JOSE, Calif., Dec. 13, 2010 /PRNewswire/ — Mobixell Networks, a leading provider of rich-media mobile data solutions, announced today that it has raised $10 million from major global investors, enabling the company to further pursue its ambitious growth strategy by providing mobile rich-data optimization and management solutions to mobile operators. The round, which was led by Azini Capital, included existing investors; Escalate Capital, Intel Capital, and smac partners.
The new investment will facilitate the company’s flagship product, Mobixell Seamless Access, to further support mobile operators achieve overall network efficiency, web and video consumption as well as data services monetization, while simultaneously improving end-user experience and reducing operators’ total cost of ownership (TCO). Seamless Access provides intelligent optimization techniques for media and video, including behavioral based optimization, caching, content aware transcoding, and network aware optimization (dynamic bit rate adaptation and automatic cell congestion detection).
“The funding strengthens Mobixell’s financial stability assisting us in penetrating and realizing the growing markets of mobile Internet, mobile traffic management and mobile data optimization, as well as in furthering our commercial deployment worldwide,” said Amir Aharoni, CEO and Founder of Mobixell. “Securing funding from our existing leading partners is a vote of confidence in the company’s business, products, technology and its management.”
Mobixell will be celebrating its 10th year of operation this year, marking “a decade of innovation” in providing mobile rich media Internet solutions to the changing needs of the market. The company has presence in multiple countries around the world including U.S., UK, China, Switzerland, Germany, Italy, Finland, Ireland, Singapore, Malaysia, Philippines, India, Japan Israel and other countries. Its customer base amounts to more than 350 mobile operators worldwide, including Verizon Wireless, Vodafone, Telefonica, Orange, Telecom Italia and China Mobile.
Mobixell Networks is a global provider of rich media, mobile internet and broadband solutions. These solutions enable mobile operators to achieve their ‘least cost, smartest pipe’ strategy by intelligently managing surging mobile data and video traffic while giving subscribers an exceptional user experience. Mobixell has more than 350 deployments, including Verizon, Vodafone, Bharti, Orange and Telefonica, providing specially adapted services in mobile video, mobile Internet and Broadband, and mobile messaging. Founded in late 2000, Mobixell is a U.S.-based company with additional offices in the UK, Germany, Switzerland, India, China and Israel. For more information, visit the company’s website at http://www.mobixell.com.