Razorsight Corporation, a Reston, VA-based provider of cloud-based financial assurance and predictive analytics solutions for communications service providers, closed a $3 million venture loan facility with Horizon Technology Finance Corporation (Nasdaq:HRZN).
The company intends to use the funds to continue to grow its ongoing development and commercial efforts.
Led by Chief Executive Officer Charlie Thomas, Chief Technology Officer Suren Nathan, and President & Chief Analytics Officer Chris Checco, Razorsight provides large communications providers with cloud-based analytics software to monitor network and subscriber activities to control costs, predict churn, gain insight into M2M and OTT activity, and measure profitability by customer, service type, or region.
Customers include AT&T, Verizon, Telus, Comcast, Cbeyond, CenturyLink, Windstream, T-Mobile, Telekomunikacja Polska (TP Group), Tata and IBM.
The company has R&D in Bangalore, India.