Vancouver's Zeugma Systems announced this morning that it has closed approximately $9 Million as a part of its Series C funding round. This round brings total funding to date to $50 Million. Investors include Granite Ventures, Ventures West, Vertex Venture Capital, GrowthWorks Capital Ltd., Yaletown Venture Partners, BC Advantage Funds, and GTD Capital. Zeugma will use the funding for global expansion of its customer-facing sales and support activities as well as for continued R&D.
According to Zeugma CEO Andrew Harries in the accompanying press release, “a significant opportunity is emerging for systems that allow broadband service providers to monetize and meter the traffic — especially streaming internet video — already traversing their networks. The rapid acceptance we’ve received is clear validation of the ability of Zeugma’s technology and products to deliver this capability while also performing essential broadband aggregation and subscriber management functions. Zeugma’s innovative technology, coupled with partnerships with internet video players, application developers, and other vendors, are causing BSPs to rethink edge network architectures.”
Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage... [more]
GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture... [more]
Ventures West is one of Canada's largest privately owned venture capital companies. In addition to providing capital, we contribute a wealth of... [more]
Zeugma Systems is a privately held telecommunications equipment supplier delivering open solutions that accelerate new service deployment for... [more]
Granite Ventures has been helping early-stage technology companies build solid foundations for success since 1992. We focus our investments on two... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
