Data analytics platform developer Guavus has raised USD9m investment from Goldman Sachs and TransLink Capital. The US firm says it plans to use the funds to expand globally. There will be a particular focus on the Asian mobile market.
Guavus uses software that analyses data generated on mobile networks by customers. According to the company, this information can be used to spot patterns and increase revenue. Founded in 2006, the firm makes money by charging software subscription fees to network operators.
“Guavus has created a new data fabric that fuses disparate sources of data streaming on the network with existing information systems to provide contextually-aware decisioning applications that can be used to trigger business processes at the exact moment of need. Our focus on rapid analysis first yields a high return on investment for customers,” said Anukool Lakhina, founder and CEO of Guavus. “This round of investment positions us for long term growth as we look to expand our proven solutions globally.”
“Guavus has shown tremendous growth and innovation with carriers. With 40% of the world’s mobile data traffic due to be carried over Asia-based networks by 2016 we expect APAC to be a strong market for Guavus. We are excited to support Guavus’ global expansion by leveraging our resources in the APAC region,” said Toshi Otani, Managing Director of TransLink Capital.
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