Connected2Fiber, a Hopkinton, MA-based B2B SaaS market participation platform for the Telecom Network industry, raised $1.12m in funding.
The round was led by Nauta Capital.
The company intends to use funds for market expansion.
Founded in 2015 by Ben Edmond, CEO, Connected2Fiber provides a SaaS-based marketplace enablement platform specifically built for the telecom network industry. It uses data science, artificial intelligence and predictive analytics in a single cloud-based system to enable B2B telecom network suppliers to identify their best customer prospects, and B2B network buyers to identify their best suppliers.
The platform allows users to visualize information internally and to ensure network intelligence is exchanged to conform to the customers’ buying process. The system intelligently correlates new events that drive incremental demand to the industry, as well as continuously profiling locations and companies with proximity to the fiber networks.
Customers are primarily fiber based network operators.
There are over 2,500 suppliers, 50,000 intermediaries and 10M B2B buyers in the US alone.