Spanish startup Kenmei Technologies receives $1.1 million seed investment to provide data intelligence, network automation and assist mobile operators handling their networks
Kenmei Technologies, a Spanish startup focused on providing data intelligence with machine-based decisioning, has raised $1.1 million (€1M) seed investment round from venture capital firm GoHub Ventures, the investment vehicle of Global Omnium, and R2 Seed Investments.
The new investment round will enable Kenmei to accelerate the development of its Network Intelligence and Automation Solution, named ADELE, a technology that was selected by Analytics Insight Magazine as one of the 10 Most Intelligent Automation Solution Providers in 2019.
Founded in 2018 by a team of telecoms and software experts, Kenmei focused on providing data intelligence through machine-based decision making methods, automating network operations and customer assurance, all designed to help operators deal with increasing network complexities. The startup provides data intelligence, network automation and applied data science use cases, to assist mobile operators handling their networks.
For now, the startup aims to focus product innovation in order to fully integrate the newest 5G technology into the solution, and further evolve existing use cases on 4G networks. The new funding will also be used to expand its existing client support and sales team, enabling further international expansion.
Commenting on the funding, Vicent Soler, CEO of Kenmei Technologies, said, “ADELE, which stands for Autonomous Decisions and Learning, is a native big data solution that empowers network teams of mobile operators to automate routine operational tasks by applying proprietary algorithms based on expert knowledge and AI.” He also added, “This capital gives us additional resources to expand quickly and deliver our vision around the world.”
“Global Omnium seeks and invests in disruptive technologies, and Kenmei Technologies will give our portfolio the entrance into the 5G sector, which shall grow in a significant manner in the near future,” noted Jaime Barba, Director of Disruptive Technologies at Global Omnium, which is present in three continents and serves more than 7 million customers.