About Nakina Systems
Nakina Systems is a Telecommunications company based in Ottawa (Canada) founded in 2002, and was acquired by Nokia in February 2016. Network security and orchestration solutions are provided for multi-vendor platforms. It operates in the Telecommunications and Technology sectors. Nakina Systems has raised $16.5 million across 9 funding rounds from investors including Nokia, VenGrowth VG Partners and VIMAC Ventures. The company was acqui-hired. Its focus areas include Telecom, OSS & BSS, Operation Support System (OSS) and Network Security.
Company details
Nakina Systems was founded in 2002 in Ottawa, Canada, focusing on the telecommunications and network security sector. Operations center on the NI Framework, which enables management across diverse vendor environments through adapters for integration with third-party applications, orchestrators, OSS, and BSS systems. Services include auditing, analysis of network parameters, an IAM solution via NI Guardian, continuous scanning, and advanced analytics for threat detection and mitigation.
- Headquarters Ottawa, Canada
- Stage Acquired
- SectorsTelecommunicationsTechnology
- Website nakinasystems.com
- Social LinkedIn X Facebook
- Acquired by Nokia (Feb 2016)
Funding Insights of Nakina Systems
Nakina Systems has successfully raised a total of $16.5M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16.5M
- Total Rounds 9
- First Round $6.5M
(Dec 2002)
- Investors Count 3
All 9 funding rounds of Nakina Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2011 | Series C | – | – | ||
| Nov 2008 | $2.86M | Debt – Convertible | – | – | – |
| Oct 2008 | $2.01M | Debt – Convertible | – | – | – |
| Jul 2008 | $12.57M | Debt – Convertible | – | – | – |
| Apr 2008 | $1.2M | Debt – Convertible | – | – | – |
| May 2007 | $1M | Debt – Convertible | – | – | – |
| Apr 2005 | $10M | Series B | – | – | |
| Sep 2004 | $2.25M | Debt – Venture | – | – | |
| Dec 2002 | $6.5M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Nakina Systems
Nakina Systems has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Nokia, VenGrowth VG Partners and VIMAC Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity buyouts are targeted by the investment firm. | vgpartners.com | Toronto, Canada | ||
| vimac.com | ||||
Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America | mmvf.com | Toronto, Canada | ||
Hardware and software solutions for telecommunications are provided by Nokia. | 1865 | nokia.com | United States |
Investor details for Nakina Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Nakina Systems
4 dated milestones of Nakina Systems across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Nakina Systems is founded.
- Funding First funding round of $6.5M.
- Funding Latest funding round, Series C,.
- Exit Acquired by Nokia.
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Frequently Asked Questions about Nakina Systems
Nakina Systems was founded in 2002.
Nakina Systems is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Nakina Systems is a funded company, having raised a total of $16.5M across 9 funding rounds to date. The company's 1st funding round was a Series A of $6.5M, raised on Dec 2002.
Nakina Systems was founded in 2002 in Ottawa, Canada, focusing on the telecommunications and network security sector. Operations center on the NI Framework, which enables management across diverse vendor environments through adapters for integration with third-party applications, orchestrators, OSS, and BSS systems. Services include auditing, analysis of network parameters, an IAM solution via NI Guardian, continuous scanning, and advanced analytics for threat detection and mitigation.
Nakina Systems has 4 investors. Key investors include Nokia, VenGrowth VG Partners, VIMAC Ventures, and MMV Financial.
Yes. Nakina Systems was acquired by Nokia in February 2016.