Veego Software, an NYC-based company producing actionable insights for an improved connected home customer experience, closed a $13 Million 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.
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.
Company: Veego Software Ltd.
Raised: $13.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Magenta Venture Partners
Additional Investors: State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures
Company Website: https://www.veego.io/
Software Category: Communication Service Providers (CSPs)
About the Company: Veego provides Communication Service Providers (CSPs) with a Data Platform to optimize the internet user experience in the connected home through continuous measurement of user engagements with web-based devices and services, led by Amir Kotler, Co-Founder, and CEO. The company offers visibility, scoring, and assessments to rank the user's quality of experience in relation to the service being consumed and its specific connectivity requirements. Veego can identify and fix the root causes of streaming breaks, low-resolution video, poor audio, gaming latency, dropped Zoom calls, and a slew of other connected home issues before they happen.
Source: https://www.finsmes.com/2021/08/veego-raises-13m-in-series-a-funding.html