Vision2Mobile:Aylus Networks Raises $16 Million in Equity Financing

By Vision2Mobile: June 22, 2011

Aylus Networks, a provider of infrastructure software for enabling video communications services over mobile networks, has announced raising $16 million in equity financing.

U.K.-based m8 Capital led the financing. Existing investors Matrix Partners and North Bridge Venture Partners also contributed to the financing round.

Massachusetts-based Aylus Networks said m8 Capital General Partner Joseph Kim will be joining its board of directors.

“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," said Aylus Networks CEO Mark Edwards.