Kenmei Technologies, a Valencia-based company specialized in data analysis and mobile network automation through artificial intelligence, has closed a €1.5M funding round to raise €1.5 million led by GoHub Ventures. The round is joined by MASventures, an accelerator from the MASMOVIL Group, and Wayra, Telefónica’s open innovation hub, and follows the €1 million round completed in August 2019.
Founded by telecommunications and software experts, Kenmei is focused on the telecommunications field and provides network data analysis through the use of artificial intelligence (AI) algorithms, allowing wireless telecommunications providers to automate part of their network operations.
Vicent Soler, CEO and co-founder of Kenmei, explained that “the addition of strategic partners such as MASventures and Wayra, as well as the trust placed in us by GoHub Ventures in the form of additional shares, is a sign of our company’s strong appeal from a technological and business perspective. Kenmei is extremely motivated to undertake this new stage as we continue to expand our market leadership”.
Its ADELE® solution, which stands for Autonomous Decisions and Learning, is a platform that was developed natively on big data architecture and features advanced AI algorithms for automating network processes. It is also a multi-cloud solution that supports many data sources and implements an advanced data model that allows clients to evolve in their digital transformation towards a data-driven business model.
The inflow of capital at Kenmei will be used to speed up and consolidate the development of the ADELE® solution by integrating new 5G use cases. It will also make it possible to strengthen the company’s international sales structure to accelerate its growth.
Kenmei received the 2020 CEEI IVACE Business Creation Award and the COIT-CV Award for the Best New Company at the Night of Valencian Telecommunications.
