Washington Post: Aylus Networks Secures $16m series D Lead By London’s m8 Capital
Aylus Networks, the US-based company which enables video services over mobile, has secured a $16 million series D (wow, those are rare) investment round. The financing is being lead by m8 Capital, the mobile-focused venture fund running out of London, to the tune of $10million. Joseph Kim, General Partner of m8 Capital, will join the Aylus board. Joining the round are existing investors Matrix Partners and North Bridge Venture Partners.
Aylus plans to take advantage of the front-facing cameras in smartphones, tablets, laptops and desktops and the fact that video calling is going to be big over the next few years. Especially crucial is device interdependence.