SAN MATEO, CA: Guavus, provider of big data analytics platform integrated with a suite of applications that enable enterprises and service providers to embed intelligent, timely data driven decisions into agile businesses processes, has recently announced that it has raised $ 30Mn of new funding from new and existing investors.
This new funding will help Guavus to expand into the industrial Internet of Things market. It will also aid the company to increase its offerings in the Communications Services Provider (CSP), Cable and Media customer base.
Industries like logistics, mining, smart cities and retail is transformed through the sensor-generated streaming data. It provides real time insights for predictive maintenance, track and trace, asset management and optimization.
The analytics solutions provide valuable insights that can be embedded into workflows to create automated business processes and closed loop decision support systems.
Anukool Lakhina, founder and CEO of Guavus says, "Our focus on big data applications that break down traditional silos of information, uncover valuable insights in real time and address specific business problems is what distinguishes us from other providers. With this additional funding, we can extend our presence into new geographies and markets and put these powerful analytics applications into the hands of more businesses for even greater productivity."
Check out: Retail Tech Insights