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Mobile network equipment maker Movik Networks Inc. has brought in $8.5 million in its second round of funding, according to federal documents. While the filing papers did not state specific backers, Sean Dalton of Highland Capital Partners of Lexington and Edward Anderson of North Bridge Venture Partners of Waltham are listed as directors of the company.
Movik officials were not available for comment and have been notoriously quiet about their technology. However, the Littleton-based company says on its website it is making equipment to handle multimedia services over mobile broadband that pushes the awareness of the type of content and the decision on how to handle it further out to the edge of the network. That means that their Movik Content-Aware Mobile Edge solution can improve network response time during peak hours by a factor of three, the website states.
Highland and North Bridge were the investors in Movik’s last round in February of 2008, when the company raised $7.5 million.
Movik was founded in 2006 as Lyra Networks Inc. by a handful of area networking veterans. Ramji Raghavan, the founder and former CTO of Bedford-based Coriolis Networks Inc., co-founded Movik with his former partner and co-founder at Coriolis, Surya Kumar Kovvali, who is Movik’s vice president of technology.
Other founders of Movik include vice president of product management Ram Krishnan, formerly of Axiowave Networks Inc. in Marlborough; vice president of business development John Calcio, formerly of Ellacoya Networks Inc. in Merrimack, N.H.; and vice president of software Chip Boyle, formerly of Nokia Siemens Networks.
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