eVolution Networks is a New York, NY–based provider of software-based smart energy solutions for mobile network operators. Its platform analyzes mobile network traffic and adjusts resource use in real time to match subscriber demand. The company’s approach has been deployed by Tier-1 operators such as Telefonica Group. Led by CEO Roy Morad, eVolution raised $22.5M in funding. It intends to use the proceeds to expand its worldwide presence and to promote its solutions to new industries, including data center energy management. Backers of the round included Berkshire Hathaway Energy subsidiary IES Holding and GE Ventures.

Total raised

$23M

Funding rounds

1

Latest round

Equity

Latest activity

May 2015