Sandvine Incorporated is a networking equipment company based in Waterloo, Ontario, Canada. Sandvine network policy control products are designed to implement broad network policies, ranging from service creation, billing, congestion management, and security. Sandvine targets its products at consumer Tier 1 and Tier 2 networks including cable, DSL, and mobile. Sandvine was formed in August 2001 in Waterloo, Ontario, Canada, by a team of approximately 30 people from a recently closed Cisco acquisition, PixStream. An initial round of VC funding launched the company with $20M (Cdn). A subsequent round of financing of $19M (Cdn) was completed in May 2005. In March 2006 Sandvine completed an initial public offering on the London AIM exchange under the ticker 'SAND'. In October 2006 Sandvine completed an initial public offering on the Toronto stock exchange under the ticker 'SVC'.