ClearAccess Raises $6M in Series B Financing
Vancouver, WA-based ClearAccess, a broadband device management and data services company, is announcing today that it has closed a Series B financing, raising a little over $6 million. The financing was led by Blade Ventures, Buerk Dale Victor, and DFJ Frontier.
ClearAccess developed the ClearVision management system, allowing service providers to remotely manage residential and small business gateways through the Internet. This enables service providers to give services to customers they might not otherwise have. “Examples include content filtering which enables parents to protect family members from harmful websites, and Internet time blocking which can limit when any device on the home network—including gaming consoles—can access the Internet,” said ClearAccess CEO Ken Hood in an e-mail interview. ClearAccess also sells DSL and Ethernet gateways.
“Part of the Series B investment will be used to fund the development of innovative data services that service providers can deploy remotely using the ClearVision Management System,” Hood said. “The remaining portion will be used to increase the reach of our sales and marketing efforts.”
ClearAccess already has more than 40 service providers as customers, with another 35 on a trial basis. “In terms of the ecosystem, we play a very central role and have well established partnerships with the leading access equipment vendors, CPE [customer premises equipment] manufacturers, and home networking companies,” Hood said.