Short description
Innovative start up using AI for Enterprise Applications. Current focus is Predictive Maintenance for Telecommunications and IOT.
Description
Avanseus was incorporated in mid 2015 and is headquartered in Singapore. The Company develops Artificial Intelligence driven Enterprise Applications and is focused on predictive maintenance for telecommunications networks and enterprise IoT. Our ground breaking Avanseus Cognitive Assistant is a non-intrusive solution that predicts faults for mobile, fixed, IP/MPLS backbone, transmission networks and enterprise IoT. Technology and network vendor agnostic, it is suitable for Managed Services Providers, Communication Service Providers, Tower Companies, Broadband Providers and enterprises using IoT. The solution can be cloud based or installed on-premise, with a typical integration time of just 4 weeks. Customers enjoy significant reductions in maintenance costs and increased uptime.
In 2016 Avanseus signed it first commercial contract, and invoiced US$30k. By 2017, invoicing had increased to US$400K along with additional contracts. As of August 2018, the Company has invoiced more than US$1M, with over 40 customer engagements at various stages from Discussion/POC/Trial to signed active customer contracts.
Avanseus enjoys a good profile in the industry and has appeared in a number of articles/reports in relation to our solutions e.g. Gartner, Microsoft and Light Reading. Currently the Company has 2 US patents granted, 4 other patents pending/published with 2 more patent applications in the pipeline.
Last funding
Noaccess
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Total funding
$$3123123
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Location
Singapore, Central Region, Singapore, Asia
Founded on
June 18, 2015
Non-profit?
No
Acquired?
No
Employees count
51-100
Investors
Blurry Noaccess, Noaccessforu, Noaccess, Nopepepe
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Founders
Bhargab Mitra, Chiranjib Bhandary, Giuseppe Donagemma, Mei Lan Ng, Rajendra Panda