CENTRI Technology, a provider of mobile bandwidth optimisation and bandwidth management systems, has completed a $13 million series C round of financing. CENTRI’s latest round of funding includes investments from Angel Valkyrie LLC and participation from existing investors.
The proceeds from the round will be used to accelerate the expansion and deployment of CENTRI’s BitSmartCX system to mobile network operators, as well as contribute to the growth of its product development, support and sales teams to address the increasing market demand for efficient mobile data optimisation and bandwidth management solutions.
CENTRI’s solutions are designed to help mobile network operators intelligently optimise and manage the flow of data across their networks in real-time – reducing the need to invest in additional network infrastructure while reducing backhaul, spectrum and transport costs. CENTRI’s flagship product, BitSmartCX, uses patented optimisation techniques that dynamically reduce the amount of data transmitted across the network via byte-level caching technology, between the device, the radio network backhaul, and the network core.
“Securing funding from new investors and continued investment from existing investors underscores the growing confidence in CENTRI and our solutions,” said Vaughan Emery, founder and CEO of CENTRI Technology. “As mobile data usage continues to grow year over year, mobile network operators across the globe are challenged to keep pace with the growing demand for data services while remaining competitive in the marketplace. This need signals a significant market opportunity for CENTRI’s solutions, particularly BitSmartCX, which is designed to help mobile operators efficiently manage network capacity while lowering their overall costs of services.”
