Tuesday, March 19, 2013

Vasona Raises $22 Million for Mobile Edge Platform

Vasona Networks, a start-up based in Santa Clara, California with R&D in Tel Aviv, raised confirmed that it has now raised $22 million to date, including a recent $12 million Series B round. The company recently introduced its SmartAIR1000 edge application controller to address cellular bandwidth congestion.

Vasona's edge platform works with mobile traffic across all applications, at granularity of every cell in a network. It assesses and acts on congestion based on exactly where it is occurring and what is causing it. Bandwidth is allocated to each application in real time for the best overall subscriber experiences.

The venture capital financing 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.

"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," says Bob Goodman, a partner at Bessemer Venture Partners and member of Vasona Networks' board of directors. "This new financing positions the company to fulfill and build on the strong demand it's experiencing."



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