Stealthy Beaumaris Networks Banks $9M, Appears to Be Expanding in China
Beaumaris Networks, a surreptitious startup developing technology for video service providers, has raised just shy of $9 million in a planned $10 million funding round, according to an SEC filing. The Boxborough, MA-based firm, which was launched in February 2009, also says on its website that it has a research and development operation in Beijing.
The regulatory filing doesn’t specify who invested in Beaumaris. However, it does say that Louis Toth, a senior managing director of Comcast Interactive Capital, and Bruce Sachs, a partner at Charles River Ventures, are members of the startup’s board of directors. Waltham, MA-based Charles River previously invested in the firm’s Series A funding round revealed in June 2009. Conrad Clemson, the company’s CEO, is a former entrepreneur-in-residence at the venture firm.
Beaumaris didn’t immediately reply to an e-mail inquiry this morning.
The company appears to have grown substantially since June 2009, when its LinkedIn profile said it had a mere six employees. Today, the profile lists 40 employees. Based on all the Chinese-language job ads we found for the company last June, it’s possible that some of those new hires were for its Beijing R&D operation. Impressively, it appears that the startup has also added the venture capital affiliate of the Philadelphia-based cable services giant Comcast (NASDAQ:CMCSA) to its syndicate of investors.
We’ll provide updates on this company as we learn more about its stealthy operations and technology.
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