Cinarra Systems, a US-based technology startup which provides real-time mobile data analytics, has raised $4.5m led by venture capital firm Almaz Capital, with participation from US-based networking equipment company Cisco and individual investors.
Geoffrey Baehr, a general partner at Almaz Capital, will join the company’s board. The company is currently in stealth mode.
Alex Zinin, Cinarra co-founder and chief executive officer, said: “Cinarra is addressing a long-standing fundamental problem in mobile Internet economics spanning mobile network operators and application platforms. The new funding, the addition of networking pioneer Geoffrey Baehr to our board, and Cisco as the strategic investor will allow the company to attract new talent and position Cinarra as a strategic player in the new mobile Internet economy.”
Geoffrey Baehr, general partner at Almaz Capital, said: “The mobile Internet industry today is in the same situation as the Web in the early 2000s before the arrival of Google. Cinarra’s approach will have a profound effect on the mobile Internet economy.”
Cinarra Systems was founded by Bell Labs Fellow Alex Zinin and Russian entrepreneur Alexander Nikolaev. Cinarra has team presence in Singapore, and Russia: Cinarra Russia is a member of the “Skolkovo” initiative, launched by the Russian government in collaboration with Cisco and other technology companies. Cisco’s investment in Cinarra is in line with commitments to drive entrepreneurship in Russia, including commitment to Skolkovo.
Alexander Galitsky, general partner at Almaz Capital, said: “Cinarra Systems is a truly international startup founded by entrepreneurs who successfully combine Russian and American talent and ingenuity. We believe Cinarra is well positioned to be the next international success story, continuing in the trail-blazing tradition of Russian entrepreneurs who founded Yandex, Kaspersky Labs, and Parallels.”