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Aylus Networks Inc., a Westford-based wireless video technology company, has taken in $5.7 million of a planned $9.3 million round of new financing, according to federal documents. The new financing brings the total amount raised by the company to approximately $31 million.
While the four investors in this third round were not disclosed, previous investors in Aylus include Matrix Partners and North Bridge Venture Partners. The company was founded by CEO Shamim Naqvi, who was a co-founder of Tewksbury’s Winphoria Networks Inc., which was sold to Motorola Inc. in 2003 for $172 million.
Serving on the Aylus board are Paul Ferri of Matrix Partners and Edward Anderson of North Bridge Venture Partners, both of whom backed Naqvi in Winphoria.
Aylus’ last round of funding came in June of 2007, when it brought in $15 million in advance of the launch of its first product. The company’s technology is designed to allow users to share media files across mobile networks while simultaneously carrying voice traffic. Since then, the company has released its MediaCast Portal and MediaShare products for both the consumer and the enterprise market.
Founded in January of 2005, Aylus has operations and research and development centers in Hong Kong, India and Singapore, in addition to its headquarters in Westford.
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