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NEWS19 April 2013

Guavus funding reaches $87m

Financials North America

US — Big data analytics provider Guavus has raised an extra $9m in funding as it looks to new territories.

The fund-raising, from investment companies Goldman Sachs and TransLink Capital, brings total funding to $87m and the money will be used to continue expansion of Guavus’ core products, scale its operations and pursue acquisitions.

TransLink Capital said that with 40% of the world’s mobile data traffic due to be carried by Asian network, it expected APAC to be a “strong market for Guavus” and would leverage its resources in the region in support of the company’s expansion.

Founder and CEO of Guavus Anukool Lakhina said: “This round of investment positions us for long-term growth as we look to expand our proven solutions globally.”

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