Affirmed Networks Raises $51M in Series C Funding

Funding Rounds

▤ Summary

Affirmed Networks, an Acton, MA-based provider of network function virtualization solutions, raised $51m in Series C funding.The round was led by Bessemer Venture Partners and joined by KCK Group, with participation from current investors (which include Charles River Ventures, Matrix Partners, and Lightspeed Venture Partners and strategic investors T-Venture and Vodafone Ventures).The capital will be used to support multiple deployments and numerous trials worldwide while expanding its carrier-grade virtualization solutions.Founded in April 2010 and led by Hassan Ahmed, Chairman and CEO, Affirmed Networks Affirmed Networks develops mobile network solutions (the Affirmed Mobile Content Cloud, AN3000®, and Acuitas Service Management System™) designed to simplify mobile networks and mobile subscriber and content management functions.The company currently has employees located in the U.S., U.K., Canada, Germany, Switzerland, Netherlands, France, Slovenia, Dubai, Japan, and South Korea.

$ Funding

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Amount $51.0M Total raised
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Date June 5, 2013 Announcement date
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Investors Bessemer Venture Partners, Vodafone Ventures, T Venture, Matrix Partners Lead investors
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Company http://www.affirmednetworks.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
Telecommunications Software Cloud-Native Mobile Core Software Network Functions Virtualization (NFV)

▦ Linked Companies

Affirmed Networks
$50M to $100M