MILPITAS, Calif.--(BUSINESS WIRE)--Relay2 today announced that it has secured an additional $3.5M in Series-D funding bringing its fourth round of funding to a close after raising a total of $13.5M. The funds will be used to further product development and fuel the company’s sales and marketing efforts to accelerate the adoption of the industry’s first cloud-controlled WiFi services platform.
Leveraging Relay2’s enterprise-class, cloud-controlled WiFi infrastructure, the innovative platform enables users to deliver unique value-added and vertical-specific services at the network’s edge to optimize network performance, increase productivity, and provide revenue generation opportunities for both service providers and end users.
“Our innovative platform introduces the next generation of wireless infrastructure technology to the industry and redefines the way that organizations will deploy and employ their wireless network infrastructures,” explained Greg Daily, CEO of Relay2. “Everyone at Relay2 is pleased that the round is fully subscribed and now closed. We will continue development of our platform while both focusing and expanding our global go-to-market efforts."
Relay2 has developed a unique WiFi Services platform designed to enable Mobile Network Operators, Wireline Carriers and Managed Service Providers to monetize horizontal and vertical business applications and services on top of a high-performance Cloud WiFi access network delivered to their B2B and B2C enterprise clients.
The Relay2 Cloud WiFi Services solution allows B2C businesses such as retail, hospitality and public venues to deploy OTT WiFi services and mobile applications, including App distribution, advertising, O2O, multicast video and more with unprecedented network efficiency and performance. Similarly, B2B businesses can slash cost of ownership of distributed WLANs and seamlessly integrate office communications services such as site-to-site VPN and VoIP as part of a managed Cloud WiFi service.
Relay2 was founded in 2011 by technology leaders with backgrounds at Cisco, Juniper Networks, Nokia and Siemens, and is backed by internationally recognized, top-tier Silicon Valley venture capital firms.