Xeround Systems Receives $16,000,000 Series B Funding

  • Feed Type
  • Date
    7/9/2008
  • Company Name
    Xeround Systems
  • Mailing Address
    15375 SE 30th Place Bellevue, WA 98007
  • Company Description
    Next-generation network services are a dramatic evolution in the carrier market. Over the next five years, Next Generation Networks (NGN) based on IP Multimedia Subsystems (IMS) reference architecture, will have almost entirely displaced all other forms of fixed and mobile networks in the telecommunications market, including those that currently support Public Switched Telephone Networks (PSTN) and Cellular telephony services.
  • Website
    '>http://www.xeround.com/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $16,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The newly acquired funds will be used to increase sales and marketing activities as well as to step up research and development to advance the product roadmap.
  • M&A Terms
  • Venture Investor
    Ignition Partners
  • Venture Investor
    Trilogy Equity Partners
  • Venture Investor
    Benchmark Capital
  • Venture Investor
    Giza Capital

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