More Telecom Financing
Another day, another venture capital round in the telecom industry as Ellacoya Networks has raised another $13.5 million from a group of investors that includes BCE Capital, Canaan Partners, Atlas Venture, Flagship Ventures and Lightspeed Venture Partners. Ellacoya develops technology that lets carriers “intelligently” manage their IP networks. In other words, the technology lets carriers run their existing IP networks more efficiently as traffic increases - rather than being forced to make large investments to expand capacity. If private equity deals are any indication, network management has become a key industry trend as the growing use of broadband puts more demands on networks. For a list of some noteable telecom financing deals, check out a recent posting by Telco Trash.
