Aylus Networks Closes $16 Million Equity Financingm8 Capital, Matrix Partners and North Bridge Venture Partners Fund Round
June 16, 2011
Aylus Networks™, the leading provider of infrastructure software for enabling video communication services over mobile networks, announced today the closing of an equity financing round of $16 million. London UK-based m8 Capital led the financing, with existing backers, Matrix Partners and North Bridge Venture Partners, who fully participated their pro rata share. Joseph Kim, General Partner of m8 Capital, will be joining the Aylus Board of Directors.
“The dawn of video becoming the new voice is upon us,” said Mark Edwards, CEO Aylus Networks. “The emergence of powerful video-ready smartphones and tablets, high-speed mobile networks, and consumers becoming accustomed to video calling on the desktop establishes the ideal conditions for the mass adoption of mobile video calling. For video calling to be a mass-market phenomenon it needs to be offered as a seamless add-on option to a voice call. People should be able to add or drop video from a call, leave a video voicemail, and roam while on a video call, just as they do now with voice calling. In addition, video calling services should be interoperable across different device platforms, and between networks and communities of users. This requires the kind of market leading video infrastructure platform Aylus has built.”
“We expect video calling to grow exponentially in the coming years, with adoption rates similar to those of SMS,” said Joseph Kim, General Partner of m8 Capital. “We’re thrilled to be supporting the Aylus team in bringing to market their vision of seamless video calling available to everyone, everywhere.”
“We are delighted to welcome m8 Capital to the Aylus investor syndicate and Joseph Kim from m8 Capital to the Aylus Board of Directors,” Edwards added. “The combination of m8 Capital’s focus on mobile and Joseph’s extensive experience in telecommunications makes this an ideal match. Aylus has secured multiple Tier 1 North American customers in the recent past. This financing will provide the resources to scale up our operations to meet customer and partnership demands and to expand sales operations globally.”
Aylus’ technology serves both mobile carriers as well as OTT (Over the Top) service providers in harnessing true interoperability. It enables video communications across any device over any network; for example it would enable a successful video calling session between a Google user and someone using their carrier’s calling service on another continent.
Video infrastructure is necessary to deliver video communications at scale and in a way that can be monetized. Service providers who have built significant revenues from voice communications need to innovate to protect and grow their core communications business or they risk commoditization and escalating pricing pressures. Aylus’ technology helps deliver on this need in a way that efficiently optimizes how network resources are utilized.
About Aylus Networks
Aylus Networks, Inc. helps mobile operators and over-the-top (OTT) service providers transform their business models so that they can take back control of their networks and find new and innovative ways of monetizing the broadband mobile Internet. Aylus’ unique, innovative, software-based core infrastructure technology provides a competitive edge for mobile video and multimedia communication service offerings. As video overtakes voice & data on mobile networks, products from Aylus Networks help mobile operators and service providers increase revenues and grow ARPU with new media services, while also enabling them to proactively manage the quality of the multimedia services they deliver. With Aylus, video and other rich media can become an integral part of the voice call or communication session. Aylus helps OTT providers extend their offerings with Premium services that help monetize their business. For more information visit www.aylus.com.
About m8 Capital
m8 Capital invests exclusively in mobile technology. Mobile technology is changing everything we do. Mobile technology is enabling services, products and information to be more pervasive, more relevant, and more convenient. London-based m8 Capital looks to support entrepreneurs and their companies that are positioning themselves to be at the forefront of all things mobile. Previous investments include mobile payment technology company, Masabi, and German mobile M2M automation firm SCHAD.