Industry’s first AI platform for networks gets funding

Industry’s first AI platform for networks gets funding

Market news |
By Rich Pell

Built from the ground up for networks, the platform, says the company, brings the benefits of AI-augmented operations, planning, and orchestration to physical, virtual, and cloud network environments. The funding will enable the company to expand operations to support existing and rapidly growing production deployments across Global 1000 companies, scale strategic partnerships, and accelerate adoption.

“The current paradigm of building and operating networks relies on engineering and operations teams to manually mine and find needles in an increasingly large and multi-layered haystack of data,” says Rahul Aggarwal, founder and CEO, Augtera Networks. “These teams are not able to leverage the richness of the network data and their work flows are reactive while serving applications, customers, and users that depend on the network. Augtera’s proprietary AI technology powered by a holistic network model, finds the needles in the haystack automatically and proactively and enables a paradigm shift.”

The company has developed proprietary algorithms – built and matured using production data from nine very large scale networks – with over two years of R&D to apply machine learning to the networking domain. AI applications that leverage these algorithms are custom built for networking constructs. These AI applications are powered by the company’s platform, which, says the company, provides the data plumbing, network models, scale, visualization, ecosystem integration, and agility needed to bring the benefits of AI to complex and dynamic networking environments.

Enrique Salem, partner at Bain Capital Ventures, which led the funding round, says, “Networks have become highly complicated, and management solutions to date have not kept up. Augtera has built a ground-breaking AI system with algorithms designed specifically for networks, and we are already witnessing the efficacy and commercial potential of its highly-differentiated product in a number of customer environments.”

With this announcement Salem, who was also former CEO of Symantec, joins Augtera’s board of directors. Also participating in the funding round was aCrew Capital.

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