M87 Secures $5,000,000 New Funding Round

  • Feed Type
  • Date
    11/18/2016
  • Company Name
    M87
  • Mailing Address
    211 E. 7th Street Austin, TX 78701 USA
  • Company Description
    M87’s Routing at the Edge (RATE) technology improves the performance of data networks by moving routing intelligence and network selection decisions to the device, which is most aware of real-time connectivity conditions.
  • Website
    http://www.m-87.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    M87, which has raised more than $12 million to date, will use the fresh funding round to double its 8-person team by the first half of next year.
  • M&A Terms
  • Venture Investor
    Madrona Venture Group
  • Venture Investor
    Qualcomm Ventures
  • Venture Investor
    Trilogy Equity Partners

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