Guavus Raises Another $9M, Brings Total Funding to $87M
Goldman Sachs, TransLink Capital Add to Big Data Pioneer's Coffers
SAN MATEO, CA--(Marketwired - Apr 18, 2013) - Guavus Inc., a leading provider of big data analytics solutions, today announced it has raised an additional $9 million in funding from new investors Goldman Sachs and TransLink Capital. Guavus will use the funds to continue to expand its core products, scale its operations, and pursue select acquisitions in support of increasing global demand for its big data analytics solutions.
"Guavus has shown tremendous growth and innovation with carriers. With 40 percent 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.
For the past six years, Guavus has been pioneering holistic big data analytics solutions for tier-one communications service providers with great success. The company has developed a rich and 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.
"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."
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's 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 for network operations, marketing, customer care and monetization. The applications contain contextually aware insights that trigger business processes at the exact moment of need. Two of the top three mobile operators and backbone carriers in the United States, and two of the top three mobile carriers in Canada utilize Guavus Big Data analytics solutions to control costs, maximize profits and deliver an enhanced end-to-end customer experience. For more information please visit us on Facebook, LinkedIn or Twitter or visit www.guavus.com