MaRS IAF leads $1 mln financing of Waterloo's Aterlo Networks
Aterlo Networks Inc, a technology startup focused on improving video streaming quality for Internet users, has raised $1 million in financing. The round was led by MaRS Investment Accelerator Fund, a seed-stage fund managed by Canadian innovation hub MaRS Discovery District. BDC Capital and Sandvine Inc also invested. Waterloo-based Aterlo said the funds raised will be used to expand its flagship product, NightShift, hire local talent, and extend the reach of its marketing initiative. Founded in 2014, the company is led by CEO Gerrit Nagelhout.
23 March 2016•3 mins read
