Guavus Raises $20 Million in Funding to Support Increasing Demand for Operational Intelligence From World's Top Communication Service Providers
(Marketwire Via Acquire Media NewsEdge) SAN MATEO, CA -- (Marketwired) -- 08/25/14 --
Guavus, Inc., a leading provider of big data analytics solutions for operational intelligence, today announced it has raised a $20 million round of new funding from investors and strategic partners, bringing total investment to over $107 million. Investors include Artiman Ventures, Sofinnova Ventures, Intel Capital, SingTel Innov8, Investor Growth Capital, QuestMark Partners, TransLink Capital and Goldman Sachs. The company will use the funds to continue to innovate its award-winning operational intelligence platform and bolster its suite of decisioning applications for network, marketing, customer care and security.
Guavus continues to experience rising demands from the Communications Services Provider (CSP) industry globally. According to Heavy Reading, the big data technology and services market for CSPs is expected to grow to $9.83 billion in 2020 at a total compound annual growth rate of 26 percent. Guavus brings together innovative technology, domain expertise and data science in powerful new ways to deliver purpose-built, data-driven solutions. CSPs gain an end-to-end view across their business and operations in real time with streaming analytics. The Guavus Reflex� operational intelligence platform currently processes over 2.5 petabytes of data per day, equivalent to 250 billion records per day and 2.5 million transactions per second.
Guavus has built its applications upon its unique analyze-first approach to streaming big data to specifically support network, marketing, customer care and security for the CSP and cable industries. CSPs have played a significant role in the big data explosion, carrying data from consumers and enterprises alike and on average scanning 100 billion records a day, according to IDC. Guavus has capitalized on this unique market opportunity to address the variety and complexity of data -- coming from network, device, content and subscriber analytics -- to help CSPs achieve cost savings by more efficient network capacity planning and increasing revenues with better customer experiences.
"Our strong customer base of the world's leading CSPs is a testament that any data-intensive enterprise can benefit from our applications," said Anukool Lakhina founder and CEO of Guavus. "Our investors recognize that we continue to be at the forefront of innovation when it comes to solving the most difficult big data problems. We look forward to continuing to deliver business value to our customers and partners by strengthening our offerings specific to our market and ushering in a new era of operational intelligence."
About GuavusGuavus provides CSPs and enterprise customers with an operational intelligence platform integrated with a suite of decisioning applications for network, marketing, security and customer care. The world's most data-intensive companies trust Guavus to help them take strategic advantage of their data assets to grow revenue, improve operating efficiencies and delight customers in new ways. The company counts 4 of the top 5 mobile network operators, 3 of the top 5 Internet Backbone providers, as well as 80% of cable MSOs in North America as customers. It currently analyzes more than 50% of all US mobile data traffic and processes more than 2.5 petabytes of data per day.
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