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Founded in
June 2000, Elematics is developing technology to enable real-time
provisioning of optical circuits across multiple carriers and multiple
vendors on different networks. The company's technology is designed
to enable short term, unscheduled provisioning of optical network
capacity across heterogeneous core, metro, access, and local enterprise
networks in support of premium services and applications including
real-time peering management, hosted storage, secure VPNs, and video
conferencing. Elematics' technology and unique business and pricing
model will dramatically lower costs, improve service velocity, and
enhance revenue opportunities for network service providers, co-location
facility provides, ASPs, and enterprise customers worldwide. The
company raised $11M in its Series A founding round in August 2001
led by Warburg Pincus. Other investors included The Hatch Group,
Brobeck Phleger & Harrison, Collaborative Capital, Taylor Winfield,
various angels, and founding entity, VenturiFX.
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