Series A round led by Lazarus Israel Opportunities Fund will help extend leadership in mobile subscriber experience-based network optimization, and grow operations in key regional markets
Caesarea, Israel—December 14, 2015 —CellMining Ltd, a leading provider of Self-Organizing Networks (SON) and subscriber network experience solutions, today announced that it has successfully closed a Series A funding round with a total value of $5 million, led by Lazarus Israel Opportunities Fund. This investment will help fund the Company as it further develops its pioneering subscriber-centric mobile network optimization capabilities, and will help it to expand into new markets.
CellMining’s Behavior-Based SON™ solution analyzes the subscriber network experience in a unique way, identifying usage patterns to optimize network performance based on Customer Experience Management (CEM) metrics. This goes far beyond the capabilities of existing SON technologies, which offer mobile network operators (MNO) only limited ability to understand, measure and improve their subscriber experience. This disruptive technology aligns with a shift in the SON solution roadmap predicted by SNS Research in a recent report, which stated that implementations will start to focus towards optimizing end user experience by dynamically adjusting the network based on QoE (Quality of Experience) and QoS (Quality of Service) related information derived from the user.
“No other company provides this depth of SON and CEM integration into a single platform, which delivers intelligent network optimization powered by subscriber experience analytics,” said Greg Snipper, CEO of CellMining. “This investment acknowledges the rapidly-growing demand for CellMining’s solutions, and will enable us to continue building the world’s most advanced CEM-based SON technologies based on big data analytics. In the months ahead, we plan to significantly expand our operations in terms of both the technology and our market reach.”
“With subscribers demanding a seamless user experience, and with data-hungry apps making ever greater demands on network capacity and availability, MNOs are under enormous pressure to maintain a flexible and responsive network,” said Brian Abrams, partner at Lazarus. “We believe that we’re now at the start of a second wave in the SON revolution, and that CellMining’s technology is at the forefront of what we call SON 2.0. We think this will be a game changer for the industry.”
About CellMining Ltd.
Established in 2013, CellMining is a global network optimization solution provider with its market leading Behavior-Based SON™ Solution and its Subscriber Experience Hub Solution for CEM (Customer Experience Management). Both Solutions are based on the patented Subscriber Network Analytics technology. CellMining’s solutions help MNOs and MVNOs to capitalize on improved network performance KPIs, save on operational and engineering costs, and enhance subscriber experience.
CellMining Ltd. is headquartered in Caesarea, Israel.
For more information, please visit http://www.cellmining.com/.