SEATTLE--(BUSINESS WIRE)--CENTRI Technology, a provider of intelligent endpoint solutions for mobile operators and enterprises, today announced that it has completed a $4.5 million Series B round of financing, led by the Matthew Pritzker Company, a private investment firm headquartered in Chicago. CENTRI will use the funds to accelerate its product development efforts, pursue strategic partnerships, and grow its team.
“Over the past three years, CENTRI’s talented team has created a great solution with a very strong business model, and we look forward to helping the company build upon this outstanding foundation.”
“CENTRI allows mobile operators and enterprises to better manage data across all connected devices and networks without sacrificing security or the user experience. Our patented BitSmart technology platform provides this in an innovative, efficient way that previously was not available in the market,” said Vaughan Emery, founder and CEO of CENTRI Technology. “Partnering with the team from the Matthew Pritzker Company will enable us to further our strategic vision and help our customers create smarter mobile networks.”
As mobile data usage and the proliferation of connected devices continues to grow at an exponential rate, companies are looking for a way to intelligently optimize and prioritize the data their users are accessing regardless of the device and network. CENTRI’s patented technology platform delivers end-to-end cross network capabilities to provide mobile operators and enterprises with visibility into their network performance, as well as enables policy enforcement and the introduction of new premium services to their users.
“CENTRI has the opportunity to significantly improve how data is delivered to connected devices across any network, which is vital in the marketplace today,” said Matthew Pritzker, founder and chairman of the Matthew Pritzker Company. “Over the past three years, CENTRI’s talented team has created a great solution with a very strong business model, and we look forward to helping the company build upon this outstanding foundation.”
About CENTRI Technology
CENTRI Technology provides intelligent endpoint solutions for data networks to enable mobile operators and enterprises to offer premium services across all connected devices and networks. With its patented optimization technology, CENTRI increases visibility, performance, and security of the end-to-end data traffic across mobile, Wi-Fi and broadband networks – to deliver smarter, more efficient networks. For more information, please visit www.centritechnology.com.
About Matthew Pritzker Company
Matthew Pritzker Company, LLC is the direct investment arm of Matthew Pritzker. The company makes direct equity and debt investments and oversees a portfolio that includes innovative, early and growth-stage companies in technology, retail and media, as well as real estate and other sectors. For more information, please visit www.matthewpritzkercompany.com.