NeuString, a provider of predictive data analytics
software in the mobile communications sector, announced it has completed its Series
B financing round led by Intel Capital, alongside new and existing private
shareholders.
“Our focus is on providing rapid and comprehensive
predictive analytic products -out of the box’ without the cost and delays of
customization. This investment will enable us to rapidly expand our product
vision and the markets we serve,” said Nikolaj Aertebjerg, CEO and co-founder
of NeuString.
Intel Capital,
an early investor in NeuString, has continued its
investment in this new round.
“NeuString fits very well into our portfolio
and is showing exceptionally strong customer growth both as a cloud-based
service and as a software product,” said Feroz Sanaulla, investment director
of Intel Capital Middle East, Turkey, N. Africa.
NeuString serves more than 40 mobile communications
service providers across Europe, Middle East, Asia and Africa with advanced
software products that help them improve profitability from mobile calls. It
enables operators to segment prices for customers in accordance with their
individual usage, behavior and requirements.
NeuString is a specialist in advanced predictive
data analytics, a rapidly growing area as mobile service providers come under
increasing pressure on margins. NeuString’s product enables operators to make
instant predictive analytics on the effects of various changes in the market by
having data on hand on demand.
NeuString has also strengthened its board with
three new directors, all highly experienced in the communications sector.
Industry veteran Keith Willetts, will chair the company.
By Telecomlead.com Team
editor@telecomlead.com