Arieso Ltd., a UK-based provider of wireless network optimization solutions, has raised Gbp5 million in Series B funding. Oxford Capital Partners and Qualcomm Ventures co-led the round, and were joined by return backers Add Partners and Top Technology.
Arieso Ltd, the innovative wireless network optimisation provider, has secured $10m* in a Series B investment led by Oxford Capital Partners and Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Arieso's existing shareholders, Add Partners and Top Technology, also participated in the Series B round.
Arieso's software optimises the quality of service for mobile cell phone users, while minimising capital expenditure and operating costs for network operators. By simulating network use, Arieso specifies the optimal setup for individual base stations to improve performance from the existing network, and can assess the return on investment of any additional sites. O2 Group, Telefonica, AT&T Mobility, Sprint, Vodafone and Qualcomm are among the organisations already using Arieso's products.
Development work is already underway to make Arieso's vision of self-optimising networks a reality. This self-optimisation focuses on the user experience by concentrating on where calls are actually being made and propagating adjustments in real time to continually fine-tune the network to respond to where users are and their demands for voice and data services. As Shirin Dehghan, CEO of Arieso comments, “The goal is to deliver new standards of quality in user experience, to seamlessly accommodate new services such as mobile TV, and to do this at a significantly reduced cost for operators.”
Shirin Dehghan then added: “This investment is a powerful validation of Arieso's vision. The strength of backing, global reach and expertise of all our investors provide a major platform as we continue our development in the
Richard Marsh, Oxford Capital Partners, commented: “Arieso has demonstrated its ability to deliver technology which is truly world class and has a very clear vision to make self-optimising cellular networks a reality. We were highly impressed by feedback from customers, and invested because we see a strong company with a clear product roadmap that addresses network operators' needs to improve the user experience and reduce capital and operating expenditure.”
Frederic Rombaut, head of Qualcomm Ventures Europe, commented: “Arieso is solving real problems for cellular operators today by improving the quality and cost efficiency of their networks, and we are pleased to take part in this funding round.”
Notes to editors
Arieso is exhibiting at Mobile Network Optimisation in