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VC, deals, IT

Beaumaris Networks Raises $5.3M

Wade Roush 6/16/09

According to regulatory documents filed today, Waltham, MA-based Charles River Ventures has handed over $5.3 million out of a planned $6.8 million Series A venture round for Beaumaris Networks. The documents, filed with the Securities and Exchange Commission, list the Waltham-based stealth-mode startup as a telecommunications company. The company’s president and CEO, Conrad Clemson, is a former entrepreneur-in-residence at Charles River. According to Beaumaris’s LinkedIn profile, the company has six employees, all of whom, including Clemson, are former Motorola engineers. The company has websites registered at www.bninet.tv and www.bnicom.org, and judging from several Chinese-language online job listings, it is in the process of hiring offshore software engineering talent.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.


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