Funding to Focus on Continued Growth and Market Expansion
BOSTON & SAN FRANCISCO & NEW YORK - Tuesday, January 27th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Benu Networks, innovative provider of networking and software solutions for network operators deploying Carrier Wi-Fi and virtualized network services, today announced the inclusion of Shaw Ventures to complete a $27.7 Million funding round. This completes the list of venture participants previously announced that included ARRIS Group, Liberty Global, Spark Capital, Sutter Hill Ventures, and Comcast Ventures.
“This funding will allow Benu to continue to focus on bolstering its sales, marketing and engineering teams, and expand into the Latin America and Asia Pacific regions”, said Dino Di Palma, CEO of Benu Networks. “We are thrilled to be working with Shaw in our pursuit to deliver solutions to global carriers which will enable them to provide new and exciting cloud-based value-added services.”
Benu is leading a networking renaissance focused on the delivery of virtualized services to the Internet of Things (IoT). Benu’s platform, which is based on an evolved service delivery architecture, provides Network Operators a solution to deploy next generation Carrier Wi-Fi and to offer virtual home and business solutions to maintain market leadership, increase revenue and maintain customer loyalty.
About Benu Networks: Our mission is to transform the Network Operator’s business model from providing a pipe as a service to offering revenue generating services to subscriber devices and sessions, creating a unique subscriber experience. Benu is a venture funded company, led by Spark Capital, Sutter Hill Ventures, Comcast Ventures, ARRIS Group and Liberty Global. For more information, please visit our website: www.benu.net.
Benu Networks, Inc.
Melissa Waltz, +1 978-223-4700 x5031
CEL: +1 978-406-1018