Mavenir Systems, the innovator of mobile infrastructure solutions for LTE operators, has secured $40 million in venture capital funding. The new fifth investment round was led by August Capital.
Other investors include North Bridge Venture Partners, Austin Ventures, Alloy Ventures, Greenspring Associates and Cross Creek Capital. Following the new investment round, Vivek Mehra of August Capital will join Mavenir’s board of directors. Since October 2005, Mavenir has raised a total of $105 million.
Click here for the release from PR Newswire.