US-based big data analytics company Guavus has raised $30m to close a $50.9m series E round backed by semiconductor technology provider Intel and telecommunications company Singapore Telecommunications on Thursday.
The round includes $20.9m in promissory notes in August 2014 from Intel Capital and SingTel Innov8, the corporates’ respective venture capital units, as well as Artiman Ventures, Sofinnova Ventures, Investor Growth Capital, QuestMark Partners and Goldman Sachs.
Guavus subsequently raised a further $30m from undisclosed new and existing investors to close the round.
Founded in 2006, Guavus has developed technology that can analyse data from a wide range of sources in real-time, and which has applications in marketing, customer service and the internet of things.
Guavus plans to use the series F funding to increase its market share and product range for the industrial internet of things, focusing on industries such as logistics, mining, oil and gas, retail and smart cities. It has now raised approximately $140m altogether.
Intel Capital first contributed to the company’s $25m series B round in 2011 and its $15m series C in 2012, as well as a $39m series D in 2013 also backed by QuestMark, Artiman, Soffinova, Translink Capital and Goldman Sachs.
Anukool Lakhina, founder and chief executive of Guavus, said: “Our products are already proven in the world’s most challenging and demanding carrier environments so the move to internet of things is a natural next step.”