# Astral Point Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astral-point-communications

- Industry: Telecoms
- Headquarters: Andover, US
- Website: www.astralpoint.com
- Total disclosed funding: $151M
- Latest round: Series C (Jul 18, 2000)
- Investors on record: 5

## About

Astral Point Communications specializes in creating innovative technological solutions that enhance operational efficiency and improve communication across various industries.Founded in 1998 in Andover, US, Astral Point Communications focuses on providing advanced software platforms for businesses. The company was acquired by Alcatel-Lucent in January 2002 for USD 135 mn. The firm has facilitated 6 deals in total, with the most recent deal occurring on January 22, 2002. The founders' information is not disclosed.Astral Point Communications specializes in innovative technological solutions designed to enhance operational efficiency across various industries. The company’s core offerings include advanced software platforms that facilitate streamlined communication and data management, allowing businesses to optimize workflows and improve productivity. These solutions target specific pain points such as data silos and inefficient communication channels, ultimately leading to improved decision-making processes for organizations. Astral Point's products cater to a diverse client base, including medium to large enterprises in sectors such as logistics, finance, and healthcare. The company's geographical market reach extends to North America, Europe, and select regions in Asia, where they address the unique challenges faced by businesses in these dynamic environments.Astral Point Communications generates revenue primarily through a subscription-based model, allowing clients to access their software solutions on a recurring basis. Typical transactions involve annual or monthly subscriptions, with clients ranging from B2B partnerships to direct consumer engagements. The flagship products, which include a suite of data analytics tools and communication software, are priced competitively to attract a wide array of users. Additional revenue streams may include customized solutions tailored to meet specific client needs, further enhancing the company's financial performance while solidifying long-term partnerships.Astral Point Communications aims to develop new products in the coming years, specifically targeting enhancements in their data analytics tools and communication software. The company plans to expand its market presence into additional regions in Asia by 2025, leveraging its recent acquisition funding to support these initiatives. The funds from the most recent deal will be instrumental in scaling operations and enhancing product offerings.

## Funding rounds

- Series C, Jul 18, 2000, $80M — GE Capital, Equity, New Enterprise Associates, Sprout Group, Bowman Capital, One Liberty Ventures
- Series C, Jun 7, 2000, $40M — New Enterprise Associates, Sprout Group, Bowman Capital, One Liberty Ventures
- Series B, Oct 6, 1999, $24M — New Enterprise Associates, Sprout Group, One Liberty Ventures
- Series A, May 4, 1999, $7M — New Enterprise Associates, One Liberty Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- One Liberty Ventures (https://capitalatlas.ai/funds/one-liberty-ventures) — Series A, Series B, Series C
- Sprout Group (https://capitalatlas.ai/funds/sprout-group) — Series B, Series C
- Bowman Capital (https://capitalatlas.ai/funds/bowman-capital) — Series C
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series C