InSciTek Microsystems

company

About

A Rochester, N.Y.-based provider of IT and telephony products for small- and mid-sized enterprises

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$4M
Industries
Information Services,Information Technology,Telecommunications
Founded date
Jan 1, 1998
Operating Status
Close

InSciTek is an established, profitable company managed by seasoned executives from Fortune 500 companies. The InSciTek Board of Directors has several members who have led significant companies in the telecommunications industry. InSciTek’s consulting business continues to grow as large companies seek ways to reduce their product development costs. Today, InSciTek has a staff of 23 highly experienced engineers and managers proficient in each of the technologies utilized by the future Allworx 10x product platform. Not only do the three founders have world-class engineering credentials and directly-related experience, but also they have worked together since 1993. They have excelled in their careers at quick and efficient product commercialization. Further, InSciTek’s Executive VP of Marketing and Sales has over 30 years of direct management experience in marketing and selling software, services, and equipment for a Fortune 500 company.

InSciTek is now executing its product phase with the Allworx TeleNetwork product family. To date, extensive market research, technology investigation, and business planning have been accomplished. We are now ready to launch the product and will be installing customer units in the fourth quarter (2002).

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$10M
InSciTek Microsystems has raised a total of $10M in funding over 2 rounds. Their latest funding was raised on Aug 31, 2005 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 31, 2005 Series Unknown $4M 1 Detail
Feb 20, 2004 Series C $6M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
InSciTek Microsystems is funded by 2 investors. Advantage Capital and Cephas Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Advantage Capital Series Unknown
Cephas Capital Series C