Enterprise -> Finance
Released: 10th January 2013
Publisher: Spark Communications
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.”
Founded in February 2006, Guavus has been built from the ground up to unlock the value of operational, sensor and network-generated Big Data to reduce the economic and technology risk associated with deploying a traditional business intelligence solution. Guavus Big Data analytics solutions, which are based on pioneering patent-pending technology, include the Guavus Reflex ™ platform integrated with a suite of analytics applications that enable intelligent and timely decision-making. Two of the top three mobile operators and backbone carriers in the United States utilize Guavus Big Data analytics solutions to control costs, maximize profits and deliver an enhanced end-to-end customer experience. The company is headquartered in San Mateo, CA with research and development offices in Gurgaon and Ahmedabad, India. For more information please visit us on Facebook, LinkedIn or Twitter.
Published by: electronicdawn Ltd.