ConteXtream Turns Pipes into Clouds
ConteXtream, a company that makes mobile broadband pipes smarter, debuted today, introducing its flagship product, the ConteXtream Service Delivery Grid (SDG), which is already in trials with multiple Tier 1 operators.
The SDG turns broadband networks, or “pipes,” into a system of what the company calls "smart clouds."
According to CEO Yaron Simler, ConteXtream is in talks and trials with "four major U.S. carriers" to deploy the solution as those carriers roll out their 4G networks. ConteXtream has planned deployments by the first half of 2011.
By routing traffic through ConteXtream's SDG, software running on industry standard servers, a customer's data is analyzed for context in real time and then used to direct the customer to the applications and services that are right for them. Simler says this is a major way for carriers to grow ARPU, provide more granular service offerings and optimize network traffic.
The company announced that it has secured $14 million in Series B financing, bringing the company’s total financing to $29 million. Lead investor Comcast Interactive Capital was joined by Verizon Investments (assisted by Verizon Ventures) as well as existing investors Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures.