Neuralitic Secures $8 Million in Series B Funding

February 3rd, 2011

Neuralitic Systems, the leading provider of mobile data intelligence (MDI) solutions for mobile operators, has closed an $8 million Series B round of funding. The investment was led by new investor Export Development Canada (EDC), with participation from all existing investors: BlackBerry Partners Fund, BDC Venture Capital, Vertex Venture Capital and GO Capital LP. It will be used to fuel sales growth and scale the company’s operations to accelerate the deployment of Neuralitic’s Seven Flow MDI platform with mobile operators around the world. With this investment, Neuralitic has raised a total of $20 million in venture capital. During this transaction, Neuralitic was represented by a team from BCF led by Mario Charpentier and Patrice Picard, and comprised of Brigitte Nepveu, Jean Rodrigue et Véronique St-Amand.

AD