Guavus, a start-up based in San Mateo, California with R&D in India, closed a $30 million round of new funding to support its big data analytics solutions
Guavus specializes in big data analytics solutions for tier-1 communications service providers. It offers a suite of decisioning applications that have pre-built intelligence for faster time to insights across network, device, content and subscriber analytics. The company said its solutions have allowed carriers to both realize cost savings by optimizing network capacity and increase revenues by delivering a better consumer experience.
Guavus claims two of the top three mobile operators and backbone carriers in the United States utilize Guavus Big Data analytics solutions.
The funding round was led by Investor Growth Capital (IGC) with participation from QuestMark Partners and previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital.
“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.”
Guavus was founded in February 2006.
