Israeli mobile network management company Vasona Networks has closed a $14.6 million series C financing round, bringing total funds raised by the company to $48 million. Participants in the funding round include Bessemer Venture Partners, New Venture Partners and NexStar Partners.
Founded in 2010, with offices in San Jose, California and Tel Aviv, Vasona Networks provides platforms for mobile network capacity, resource management and edge intelligence.
The financing builds on global momentum that has seen the company’s solutions used by tier-one mobile network operators in four of the world’s largest cities, including announced use by Telefónica UK in its London O2 system. The additional venture capital supports these deployments and drives ongoing research and development efforts, such as extension of Vasona Networks’ leadership in the emerging edge computing movement.
“Vasona Networks is succeeding with solutions that improve the bottom line for mobile network operators at a time when budgets are under heavy scrutiny and competition is stronger than ever,” said Bob Goodman, a partner at Bessemer Venture Partners and member of Vasona Networks’ board of directors. “This new financing underscores Vasona Networks’ mobile edge leadership and provides foundation to continue bringing innovations to market, expand deployments and pursue new opportunities.”
Vasona Networks CEO Biren Sood said,“We are working with the world’s top mobile network operators on pressing and emerging needs, including the constant pursuit of better mobile experiences,” says “As operators turn their focus to edge-based traffic management for the most value, flexibility and control, our capabilities best meet business and network demands in any market.”
Key Vasona Networks offerings include the SmartAIR edge application controller and SmartVISION analysis suite. These platforms leverage edge locations between core and radio access networks, which is a key position for precise traffic management and monitoring at scale. SmartAIR assesses each cell’s conditions and acts on congestion in real time, taking into account the cause and the subscriber’s location. SmartVISION gives unprecedented live and historical visibility into networks at the level of individual cell performance.
Published by Globes [online], Israel business news - www.globes-online.com - on April 7, 2016
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