Littleton, Mass. – Movik Networks, a developer of wireless
networking technology that supports radio access networks, has raised $25
million in its third round of venture capital, which was led by Oak Investment
A radio access network is part of a mobile telecommunication system
that sits between a mobile phone and the core network.
Founded in 2006, Littleton,
Mass.-based Movik offers technology that helps customers scale content
distribution, establish policies and procedures based on network conditions,
and implements traffic management techniques to make the most efficient use of
the existing network infrastructure.
Other investors in the company’s new round
of venture capital include Highland Capital Partners and Northbridge Venture