Vasona Networks Inc., which provides mobile network capacity and resource management platforms, has raised $12 million in a series B financing round. The investment round was led by Bessemer Venture Partners, with participation by New Venture Partners and a strategic investor, all of them participants in the company's series A round.
Founded in 2010, Vasona Networks has raised $22 million to date including the latest financing round. The company is headquartered in Santa Clara, California and has its development center in Tel Aviv.
The latest investment follows Vasona Networks' launch of its SmartAIR1000(TM) edge application controller, which is deployed by mobile network operators worldwide. The company will use the proceeds to accelerate its growth and expand field operations, while continuing investment in R&D activities.
Vasona Networks CEO Biren Sood said, "Vasona Networks is succeeding across our operations including multidisciplinary engineering, launching the first edge application controller, deployments with top global operators, and substantial support from our venture investors."
Bessemer Venture Partners partner Bob Goodman, a Vasona Networks board member, said, "During the last few years, Vasona Networks has rapidly defined, developed and validated its platform, establishing a new category of solution for pressing mobile operator needs."
Published by Globes [online], Israel business news - www.globes-online.com - on March 19, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013