Kenmei Technologies, a Valencia, Spain-based company specialized in data analysis and mobile network automation through artificial intelligence, closed a €1.5m series A funding round.
The round – a continuation of the one completed in August 2019, which raised €1m – was led by GoHub Ventures, who has been joined by MASventures, an accelerator of the MASMOVIL GROUP and Wayra, Telefónica’s open innovation hub.
The company intends to use the funds to speed up and consolidate the development of the ADELE® solution by integrating new 5G use cases and to strengthen its international sales structure with the aim of accelerating its growth.
Founded by telecommunications and software experts and led by Vicent Soler, CEO, Kenmei Technologies 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.
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.