Friday, 21 July 2017

Guavus raises $30m in funding

Guavus
Thursday 10 January 13

Guavus Inc., a leading provider of big data analytics solutions that enable businesses to make intelligent and timely decisions, today announced it has closed a $30 million round of new funding. Investor Growth Capital (IGC) led the round with participation from QuestMark Partners and previous investors Artiman Ventures…

Guavus Inc., a leading provider of big data analytics solutions that enable businesses to make intelligent and timely decisions, today announced it has closed a $30 million round of new funding. Investor Growth Capital (IGC) led the round with participation from QuestMark Partners and previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital. Guavus will use the funds to expand its core products and scale operations in support of rising global demand for its big data analytics solutions.

“Guavus has a very impressive stable of customers who are seeing tangible value from big data” said Albert Kim, Managing Director of IGC. “In the jargon-filled big data market of today, Guavus uniquely stands out with its focus on big data applications that allow customers to improve their business operations, and deliver transformative experiences to their end customers. We are delighted to be part of the Guavus story.”

For the past six years, Guavus has been pioneering holistic big data analytics solutions for tier-1 communications service providers with great success. The company has developed a rich & growing suite of decisioning applications that have pre-built intelligence for faster time to insights. These valuable insights, which span across network, device, content and subscriber analytics, have allowed carriers to both realize cost savings by optimizing network capacity and increase revenues by delivering a better consumer experience.

“The explosion in sensor, operational and network data presents an unprecedented opportunity for businesses in every industry to deliver and optimize services, continuously,” said Anukool Lakhina, founder and CEO of Guavus. “To generate value from this data, they need a new data fabric that fuses disparate sources of data streaming on the network with existing information systems, and provides contextually-aware decisioning applications that can be used to trigger business processes at the exact moment of need. New investors IGC and QuestMark, along with our existing investors, recognize that our success with some of the world’s largest carriers coupled with this round of investment positions us for long term growth as we look to expand our proven solutions globally.”


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