NovAtel Invests Further in Network Timing Startup
Network timing startup Brilliant Telecommunications Inc. has completed its second round of financing with investment lead by NovAtel Inc., raising $11 million in capital. Brilliant designs, develops, and distributes network timing products designed to address the timing and synchronization requirements for telecommunications service providers as they transition to IP backhaul, mobile WiMAX services, and in-home basestations, or femtocells, according to the company. It’s range of products includes GPS-referenced network time protocol (NTP) servers.
Brilliant, founded in 2004 and located in Silicon Valley, is privately held and currently has 38 employees. It is presently in trials with a large European telecommunications company that requires accurate timing to support mobile hand-offs, as part of its transition to IP backhaul networks, according to Brilliant.
Joining NovAtel in the Series B round of financing for Brilliant were Onset Ventures, Asset Management, Draper Associates, Draper Richards, and additional strategic investors. NovAtel, a wholly-owned Canadian subsidiary of Hexagon AB, made an initial investment in the company in October, 2007 and has an exclusive cooperation agreement with Brilliant to jointly develop products for the network timing market, the companies said.
“This investment demonstrates our confidence in Brilliant’s vision and prospects in next-generation network timing,” says Jon Ladd, NovAtel CEO. “The integration of Brilliant and NovAtel technology will provide a substantial competitive differentiation and a new level of price/performance for timing measurement and management.”
Tags: cooperation agreement, european telecommunications, GPS News, initial investment, novatel inc, silicon valley, synchronization requirements, telecommunications company, telecommunications inc, telecommunications serviceRelated posts
Posted on August 11th, 2008 by admin
Filed under: GPS News
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