Affirmed Networks raises $51m via Bessemer-led Series C round


mobile phone touch screen pdaBessemer Venture Partners had led a massive $51m Series C round for mobile networks specialist Affirmed Networks, prompted by strongoperator demand for its mobile network technology.

The company said its technology transforms mobile networks from a legacy access architecture to intelligent, virtualized networks, enabling them to deliver service to their customers at internet speeds.

Bessemer partner Bob Goodman said, “The mobile explosion has led to unprecedented growth in data use, creating a serious issue for operators around the globe that are forced to deal with this data crunch overwhelming their cellular networks.

“Affirmed Networks alleviates the network stress by providing vital solutions for the biggest challenges these operators face when deploying today’s mobile networks: network function virtualization and service orchestration.

“These are problems every operator faces and – in my opinion – every operator could benefit from working with Affirmed Networks.”

Bessemer has just led a $30m Series D round for educational technology business Instructure.

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