US-based big data analytics company Guavus has secured $20m in funding in a series E round featuring the corporate venturing units of chipmaker Intel and telecommunications operator SingTel.
Intel Capital and SingTel Innov8 were joined in the round by venture capital firms Artiman Ventures, Sofinnova Ventures, Investor Growth Capital and QuestMark Partners, and investment bank Goldman Sachs.
Guavus provides big data analytics services for operational intelligence, and currently analyses more than 50% of all US mobile data traffic. The new capital will support increasing product demand and expand the available network applications.
Anukool Lakhina, founder and chief executive of Guavus, said: “Our investors recognise 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.”
Guavus has now raised more than $110m since it was founded in 2006. Intel first invested in Guavus’ $25m series B round in 2011, and later backed its $15m series C round and $30m series D round.