m8 Capital, the mobile-focused venture fund, invested $10million series D round of funding in Aylus Networks.Aylus networks is a video calling service for mobile networks.The investment announced today will help fund further development of the product, and extend sales operations globally.
m8 Capital is joined in this funding round by Aylus Networks’ existing investors Matrix Partners and North Bridge Venture Partners. The total invested in this round is $16million. Joseph Kim, General Partner of m8 Capital, will be joining the Aylus Board of Directors.
Aylus Networks provides technology and platforms that help video calling across networks and devices, and also allow rich media to be built into the call. Aylus’ technology would allow a video call to place between an iPad and an Android mobile phone, or a video call to be placed from a landline US carrier to an Asian mobile carrier network.
What VC Says About Company:
“We expect video calling to grow exponentially in the coming years, with adoption rates similar to those of SMS,” said Joseph Kim, General Partner of m8 Capital. “We’re thrilled to be supporting the Aylus team in bringing to market their vision of seamless video calling available to everyone, everywhere.”
According To Its CEO:
“The dawn of video becoming the new voice is upon us,” said Mark Edwards, CEO Aylus Networks. “The emergence of powerful video-ready smartphones and tablets, high-speed mobile networks, and consumers becoming accustomed to video calling on the desktop establishes the ideal conditions for the mass adoption of mobile video calling.
For video calling to be a mass-market phenomenon it needs to be offered as a seamless add-on option to a voice call. People should be able to add or drop video from a call, leave a video voicemail, and roam while on a video call, just as they do now with voice calling. In addition, video calling services should be interoperable with other video calling services on different device platforms, and between networks and communities of users. This requires the kind of market leading video infrastructure platform Aylus has built.”R
Video calling would be next big thing.