Teliris Closes $11M RoundTeliris Closes $11M Round

NEW YORK -- Teliris, the leading provider of telepresence solutions, announced today it has secured US$11 million in new equity capital from Fidelity Ventures, Columbia Capital and an additional strategic investor. This investment is in addition to the Fidelity Ventures and Columbia Capital initial US$40 million funding in 2007.

Teliris will use the additional funding to capitalize on increased demand for its current products and services, as well as fund research and development (R&D) projects.

"Teliris has secured the leading position in both innovation and deployments within the telepresence industry," said Anne Mitchell, Fidelity Ventures partner and Teliris board member. "Since our initial investment, Teliris has experienced record sales growth, hired key executives, significantly increased its marketing, sales and R&D teams, and expanded its footprint to over 30 countries."

Teliris Ltd.