Browse more on » Telecommunications, Venture Capital

Reliance Technology Ventures Limited Invests into US-based Stoke, Inc.

Strategic Investment Driven by Shared Vision for the Evolution of Fixed and Mobile Networks

Mumbai, Maharashtra, December 22, 2007 /India PRwire/ -- Reliance Technology Ventures Limited (RTVL), the corporate venture capital arm of the Reliance ADA Group, has invested an undisclosed amount in Stoke, Inc (Stoke). RTVL is a 100% subsidiary of Reliance Capital Ltd.

  1. Stoke was started in 2004 and enables telecom operators to deliver concurrent, multimedia subscriber experiences within and across fixed, cellular, Wi-Fi and WiMAX access networks via a single integrated solution. These experiences would include video, music, gaming, location, voice and data services.
  2. Stoke's platform is the industry's first multi-access convergence gateway designed from inception to solve the security, quality of service and mobility challenges associated with optimizing subscriber sessions within and across different broadband access alternatives.
  3. The co-investors along with Reliance Technology Ventures Ltd include existing investors namely Kleiner Perkins Caufield & Byers, Sequoia Capital, Integral Capital Partners and DAG Ventures.

According to Harshal J Shah, CEO of RTVL, “Stoke’s technology is a strong enabler of fixed-mobile convergence applications. Stoke provides highly versatile and innovative, carrier-class solutions specifically engineered to help operators realize the economic benefits and competitive advantages of network convergence. Its multi-access convergence gateway enables enhanced service creation and billing lets operators unlock all of the value in their diverse access networks.”

“This investment from RTVL is a testament to the strength and promise of Stoke and our solution in helping global operators transition to the next generation network edge,” said Vikash Varma, President and CEO, Stoke Inc. “Reliance Communications is illustrative of today’s successful communications providers, combining forward thinking on network evolution and global ambitions and seeing fantastic results. We are very pleased to be working with Reliance ADA Group.”

Notes to Editor

About Reliance Technology Ventures Limited

RTVL has advised and / or invested in deals to the tune of over $1 billion. Yatra.com, India’s largest on-line travel portal, E-Band Communications Corporation, Seedfund are some of its portfolio investments. RTVL has also led the investment into an undisclosed technology company which formed the basis of the largest venture capital transaction in India. RTVL invests in leading edge technologies, disruptive business models and technology-enabled companies around the world.

About Stoke, Inc.

Santa Clara, CA-based Stoke develops carrier-class multi-access convergence gateways specifically engineered to help fixed, mobile and Internet-based operators realize the economic benefits and competitive advantages of network convergence. Stoke's standards-based, integrated hardware and software platform - the Stoke Session Exchange (SSX) - uniquely addresses the security, quality of service and mobility challenges associated with optimizing subscribers' multimedia sessions across fixed, mobile, WiFi and WiMAX networks. Stoke has received more than $50 million in funding from leading venture capital firms Reliance Technology Ventures Limited, Kleiner Perkins Caufield & Byers, Sequoia Capital, and DAG Ventures, among others.

Journalists and Bloggers
Visit India PRwire for Journalists for releases, photos, email alerts and customized feeds just for Media.

If you have any query regarding information in the press releases, please contact the company listed in the press release itself. Please do not call India PRwire, we will be unable to assist you with your inquiry.


Reliance Venture Asset Management Limited recent press release(s)


Reliance Ventures exits Dhama Innovations- 3 more exits on the cards

In addition to Dhama, Reliance Ventures is also considering exiting from 3 other investments - Sequans, a France based 4G chipmaker, US based Stoke, a solutions provider to mobile operators and Yatra, the company's first investment, and one of India's most successful travel portals.

Reliance Venture Asset Management strikes exclusive India alliance with MIT $100k and Stanford Business Competition

Reliance Venture Asset Management is proud to announce its strategic collaboration with two of the most prestigious universities globally - the Massachusetts Institute of Technology (MIT) and Stanford University.

Reliance Venture Asset Management leads Series-C round of funding in Tessolve Services

Reliance Venture Asset Management, India's first and largest corporate venture capital firm and an arm of the Reliance ADA Group, today announced that it has successfully led and completed the Series C round of venture funding in Tessolve Services, a leading independent full-service semiconductor test and product engineering company. The announcement comes close on the hee...

Reliance Venture Asset Management, Kleiner Perkins Caufield & Byers and Sherpalo Ventures close Series-A round funding in Reverse Logistics Co.

Reliance Venture Asset Management India's first and largest corporate venture capital firm and an arm of the Reliance ADA Group, today announced that it has successfully completed the first round of venture funding in Reverse Logistics Co, a technology enabled end-to-end reverse supply chain solutions company. The announcement is in line with the company's recent rebrandin...

Reliance Technology Ventures Ltd receives 'Excellence Award' from the Institute of Economic Studies and Harshal J Shah conferred with 'Udyog Rattan Award'

The awards were presented by Mr. Korn Dabbaransi, Former Deputy Prime Minister of Thailand at an award ceremony held on 8th October 2009 in New Delhi.