Guavus Raises $30M
SAN MATEO, Calif. -- Guavus Inc., a leading provider of big data analytics solutions that enable businesses to make intelligent and timely decisions, today announced it has closed a $30 million round of new funding. Investor Growth Capital (IGC) led the round with participation from QuestMark Partners and previous investors Artiman Ventures, Sofinnova Ventures and Intel Capital. Guavus will use the funds to expand its core products and scale operations in support of rising global demand for its big data analytics solutions. “Guavus has a very impressive stable of customers who are seeing tangible value from big data” said Albert Kim, Managing Director of IGC. “In the jargon-filled big data market of today, Guavus uniquely stands out with its focus on big data applications that allow customers to improve their business operations, and deliver transformative experiences to their end customers. We are delighted to be part of the Guavus story.” For the past six years, Guavus has been pioneering holistic big data analytics solutions for tier-1 communications service providers with great success. The company has developed a rich & 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.