Seattle startup Centri Technology has pulled in $13 million in fresh funding, money that it will use to continue development on technologies that help improve data flow over mobile networks. Angel Valkyrie participated in the round, as did existing investors.
The 4-year-old company employs about 20 people, and previously raised about $5.5 million. It has been testing the services with mobile operators in Latin America, hoping to reduce their costs related to network operations.
“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,” said CEO Vaughan Emery. “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.”
The investment marks the second large financing round this week in a Seattle area startup, following Immune Design’s $32.5 million round. Emery previously founded Flytrap Security, a mobile security technology company.