ONSET Ventures Leads $6.1 Million Series B Investment in Network-Based Timing Developer Brilliant Telecommunications
Share:
Funding strengthens Brilliant's new product development and global expansion efforts
Campbell, Calif. January 28, 2008 - Brilliant Telecommunications, Inc. (Brilliant), a developer of next-generation network synchronization and time solutions, today announced it has secured $6.1 million in Series B funding, bringing Brilliant's total raised capital to $13.2 million. ONSET Ventures led the round with participation from Asset Management, Draper Associates, Draper Richards, and additional strategic investors. Series B funds raised will be used to expand sales efforts, support on-going field trial and deployment activities.
"This financing round provides the opportunity for Brilliant to augment our product development efforts as well as expand market penetration in the US and internationally. said Dr. Charles Barry, president and chief executive officer, Brilliant Telecommunications. The continued confidence shown by our investors ensures that we will continue to realize our vision of delivering timing solutions for today's TDM-based networks while offering a migration path to IP-rich technologies and lead the way for carrier-class IP backhaul networks."
Brilliant Telecommunications has developed an innovative approach to deliver timing and synchronization solutions required for the next-generation of bandwidth hungry, revenue generating, time-sensitive applications such as streaming video, interactive gaming, IPTV and VoIP. Brilliant's hardware platforms coupled with the company's service level agreement (SLA) performance and monitoring software, provide a complete edge-to-core solution for the service provider that are deployable, manageable and affordable. Brilliant offers a full spectrum of highly accurate timing products which include network timing servers and clients, OEM modules, licensable intellectual property core technology and network management systems.
Brilliant has entered into major engagements with multiple mobile telecommunications market leaders, providing timing solutions that ensure handoffs, reduce dropped calls and enable femtocells that work seamlessly anywhere in the IP backhaul network.
"We are pleased with the traction Brilliant has been gaining with telecommunications service providers, domestically and abroad," said Susan Mason, general partner, ONSET Ventures, and Brilliant board member. "This underscores the market potential for Brilliant's technology to conquer the challenges faced by the network today and in the future"
About ONSET Ventures
ONSET Ventures specializes in providing "venture craftsmanship"--an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses. The firm has backed over 100 companies since 1984 and now has more than $700 million under management. Based in Menlo Park, California, ONSET focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors. www.onset.com
About Brilliant Telecommunications
Founded in 2004, Brilliant Telecommunications designs, develops and distributes a family of network timing, management and synchronization solutions, including carrier-class network time protocol (NTP) and precision time protocol (PTP) servers, Primary Reference Sources (PRS), and Building Integrated Timing Supplies (BITS). These highly accurate end-to-end timing network solutions deliver Service Level Agreement (SLA) monitoring and management capabilities, in addition to providing timing and synchronization to the most time-sensitive applications in legacy and next-generation IP networks.
For more information please visit BrilliantTelecom.com
Media Contact Information
Lloyd Green
Brilliant Telecommunications
Lloyd@BrilliantTelecom.com
T: 408-866-1896x41
Joanna Laznicka
Phaze-9 Corporation
joanna@phaze-9.com
T:408-448-3113
