Guavus, an enterprise data analytics company, has raised $30 million in new funding from Investor Growth Capital (IGC) with participation from QuestMark Partners and previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital. This brings the company’s total funding to $78 million.
The company’s data analysis offering is specifically used by telecommunications providers to give these companies insights on network performance, device and application usage, content and subscriber behavior. With this information, carriers can optimize network capacity and increase revenues.
As reported by the WSJ earlier this year, Guavus’ customers are three of the four largest mobile operators in the U.S., including Sprint. The company also serves four of the top five Internet operators. Deals are for multiple millions of dollars and one customer actually contributes $10 million in sales for Guavus.
As we wrote recently, it’s no longer about how much data is being processed but about what you are doing with this data, and the insights provided by these applications.. For carriers, the company is trying to make sense of the massive amounts of data provided by mobile phones. Guavus, which was founded in 2006, will use the funds to expand its core products and scale operations globally.