Sunday, July 17, 2005

Ellacoya Raises $13.5 Million, Bell Canada Joins Investors

Ellacoya Networks, a start-up based in Merrimack, New Hampshire, raised an additional $13.5 million in venture funding for its broadband bandwidth management platform. The Ellacoya IP Service Control System enables application traffic that has specific bandwidth and latency requirements to be prioritized on a per-subscriber basis, ensuring the application's proper performance regardless of the overall traffic load on the network. It allows the broadband service provider to first understand which applications are being consumed by what percentage of subscribers and then to control traffic based on that data in a dynamic and automated way. Ellacoya's platform is deployed worldwide in over 75 service provider networks, managing millions of subscribers. The company said it has system-wide deployments at Tier 1 broadband providers in each global region, including announced deployments at Shaw Communications in Canada and @NetHome in Japan.

The financing was led by new investor BCE Capital, the venture arm of Bell Canada Enterprises, and also included Canaan Partners as a new investor. Existing investors Atlas Venture, Flagship Ventures and Lightspeed Venture Partners, also invested in the round.

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