County Kerry, Ireland-headquartered Altobridge, a company that develops and deploys technology for mobile networks to help them cut the cost of delivering mobile voice and data, has announced that it’s raised a new $7.8 million round of funding from previous backers Intel Capital and International Finance Corporation (IFC).
The new funds will be used to “accelerate” the rollout of its mobile data optimisation solution called “Data-at-the-Edge,” in urban and rural markets “globally.”
Both Intel Capital and IFC funded the company’s previous Series C round of $12 million in early 2011.
Largely targeting emerging markets, although with potential to be applied more broadly, Altobridge’s offering caters to the wireless communications requirements of remote communities, enterprises and schools, through technology that claims to significantly reduce data-bandwidth requirements on supporting mobile networks.
Dubbed “Data-at-the-Edge” or “DatE,” the technology is described as a “self-learning, content pre-positioning platform” and enables network operators to push down their data-transmission costs and in turn improve the network experience of end users. Its functionality includes HTTP acceleration, in-line data and header compression, user data caching at the cell site, data-traffic management and least-cost routing.
Since its C Round, Altobridge says that it’s seen DatE go from concept to “full commercialisation,” citing a rollout with Maxis Berhad, Malaysia’s largest integrated communications service provider, along with expanding rural connectivity in Indonesia, Malaysia, Iraq, Niger and Ghana. Meanwhile, it says that commercial trials for urban DatE deployment are pending with “leading network operators” in the U.S., Europe and North Africa.
Altobridge wireless network solutions provide a lower capital and lower operating cost option for the delivery of voice and mobile broadband services, enabling mobile network operators to connect unconnected communities and enterprises at minimum cost. Central to this lie a series of patented and patent-pending technologies namely; Data at the Edge™ (data optimisation in wireless networks), Local Connectivity™ (local voice switching) and Split Architecture™ (transmission and power optimisation), all of which – individually and combined – drive down communications delivery...
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,276 companies in 54 countries. In that timeframe, 201 portfolio companies have gone public on various exchanges around the world and 317 were acquired or participated...
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