# Movik Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/movik-networks

- Industry: Software
- Headquarters: Westford, US
- Website: www.movik.com
- Total disclosed funding: $44M
- Latest round: Series E (Jun 22, 2015)
- Investors on record: 3

## About

Movik Networks provides advanced technology solutions to optimize network performance and enhance user experiences, focusing on mobile data traffic management and analytics for telecommunications and enterprise clients.Movik Networks is a technology firm founded in 2006, headquartered in Westford, US. The company specializes in optimizing network performance through software solutions. It has engaged in 5 investment deals, with the most recent being a Series E funding round on June 22, 2015, raising USD 3.000 mn from Highland Capital Partners. Movik Networks has not undergone any notable business strategy pivots or structural changes since its inception.Movik Networks offers a suite of advanced technology solutions aimed at optimizing network performance and enhancing user experiences. Their core offerings include innovative software solutions for mobile data traffic management and analytics, catering primarily to telecommunications companies, internet service providers, and enterprise clients across North America, Europe, and parts of Asia. The technology addresses challenges like data congestion, latency, and service reliability to improve service delivery for millions of end-users.Movik Networks generates revenue through a structured model comprising subscriptions and partnerships with B2B clients. Revenue streams are derived mainly from licensing software solutions, which involve annual subscription fees for ongoing access to updates and support. The company also participates in collaborative projects with telecommunications providers, where revenue is generated through tailored integration services. This revenue structure fosters long-term partnerships, creating a stable income base.Movik Networks plans to leverage its recent Series E funding of USD 3.000 mn to support the development of new products aimed at enhancing network optimization capabilities. The company is exploring expansion into new geographic markets, particularly targeting regions in Asia and Europe. The funding will be utilized to bolster research and development efforts to meet evolving customer needs, with the aim of launching these new products within the next 12-18 months.

## Funding rounds

- Series E, Jun 22, 2015, $3M — Highland Capital Partners
- Series C, Mar 31, 2011, $25M — Highland Capital Partners, Oak Investment Partners, North Bridge Venture Partners
- Series B, Dec 4, 2009, $8.5M — Highland Capital Partners, North Bridge Venture Partners
- Series A, May 5, 2008, $7.5M — Highland Capital Partners, North Bridge Venture Partners

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B, Series C, Series E
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B, Series C
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C