Veego Software, a NYC-based company producing actionable insights for an improved connected home customer experience, closed a $13m Series A financing.
The round was led by Magenta Venture Partners with participation from existing investors, State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures, as well as additional investors. In conjunction with the funding, Ran Levitzky, Co-Founder & General Partner at Magenta Venture Partners, is joining the Veego board of directors.
The company intends to use the funds to enhance its machine-learning models that deliver real-time analytical capabilities across multiple use cases and expand its reach globally.
Led by Amir Kotler, Co-Founder and CEO, Veego provides Communication Service Providers (CSPs) with a Data Platform to optimize the internet user experience in the connected home through the continuous measurement of user engagements with web-based devices and services. The company provides visibility, scoring and assessments to rank the user’s quality of experience in the context of the service being consumed and its unique connectivity needs. With Veego, the root causes for streaming breaks, low-resolution video, poor audio, gaming latency, dropped Zoom calls and countless other connected home problems can be identified and rectified before they occur.