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RTVL Backed Co Stoke Raises $15M In Fourth Round Of Funding; RTVLs Telecom Portfolio

Stoke Inc , a fixed-mobile convergence comapny, has successfully closed its Series D funding with $15 million from existing investor Reliance Technology Ventures Ltd (RTVL) as well as Sequoia Capital, Kleiner Perkins Caufield & Byers, Japanese service provider Net One Systems, DAG Ventures, Presidio Financial Partners, Integral Capital Partners and Pilot House Ventures. All in all, its high profile investors, who have brought the company $65 million in funding to it till date. This latest investment will be utilised to support its expanding customer base and to fuel more trials with carrierss. In India, Stoke has set up a subsidiary Stoke Networks Private Limited headed by Ashim Roy. What Stoke Does Stoke's products in the mobile broadband gateway space are attracting interest as more and more ISPs are choosing to launch high speed wireless broadband Internet, new applications and looking to convergence as the future. Its gateways are expected to help network operators cut costs, manage thousands of subscribers over different types of networks such as WiFi and WiMAX using common IP session management and enable them to adapt to 3G and 4G networks. Its platform will be used by Netone in Japan. Team It is headed by Vikash Varma, who took over from Stoke founder Randall Kruep in 2007. Vikash was previously President - Worldwide Sales, Marketing & Field Operations at CloudShield Technologies and before that, of P-Cube. Two other Indians managing the California- headquartered company are Venkat Prabhala, VP Finance and Nishi Kant, VP Technology. The company has on its…

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