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Elematics Secures $10 Million for Its Multi-Carrier, Multi-Vendor Control Plane

Elematics, a start-up based in Beaverton, Oregon, secured $10 million in Series B financing for its multi-carrier, multi-vendor control plane software. The Elematic’s platform is designed to provide a common signaling and control mechanism across multiple vendors’ photonic, optical, transport, and legacy network equipment. The new funding will be used to extend the capabilities of the system, as well as for current and future customer trials with Tier 1 and Tier 2 telecommunication carriers. The round was led by Warburg Pincus, Elematics’ largest investor, and included contributions from the management team. The total financing raised by the company to date is more than $25 million.
http://www.elematics.com

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