Fierce Mobile Content: Aylus Networks Closes $16 Million Equity Financing
m8 Capital, Matrix Partners and North Bridge Venture Partners Fund Round
June 16, 2011 – Boston, MA – 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.”