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Teliris Sees $40 Million Financing

Tuesday, February 06, 2007 7:30:00 AM PDT | VentureDeal Staff

NEW YORK, NY -- Teliris announced the closing of a new round of funding, securing $40 million from Fidelity Ventures and Columbia Capital.

Teliris sells and manages telepresence systems that allow companies to teleconference around the world.

Both investors co-led the round.  The proceeds are primarily for worldwide sales and marketing expansion, all the more important since heavyweights Cisco, HP and Polycom are entering the market.  The company claims system installations in 18 countries and the largest installed base of Fortune 500 companies.

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