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iControl Networks Secures Series A Funding; Charles River and Intel Capital Co-Invest.

Publication: Business Wire
Publication Date: 26-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PALO ALTO, Calif. -- iControl Networks, Inc., a leading provider of active personal content via Web-enabled remote management services, today announced that it has secured $5 million in a Series A round. Charles River Ventures (www.crv.com) led the round, with additional funding from Intel Capital (www.intel.com).

"The proceeds from this round will help fuel our sales and channel expansion plans, fund new product development, and allow us to make additional investments in our engineering and corporate infrastructure," said Reza Raji, president and CEO of iControl Networks. "We now believe iControl is well positioned to capitalize on the tremendous market opportunity to deliver compelling personal content via the Internet...

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