SAN JOSE, Calif., Dec. 14, 2017 /PRNewswire/ -- 3TEN8, an artificial intelligence (AI) and machine learning (ML) platform that diagnoses and predicts future outages and failures on wireless networks, today announced it has raised $2 million in seed funding led by Social Capital along with other notable investors including 500 Startups, Citrix, The Alchemist accelerator, and Amr Awadallah, the Founder and CTO of Cloudera. The company also announces it has signed an agreement with a Tier-1 telecom operator for a paid trial of its AI for network operations technology. Additionally, 3TEN8 has appointed Marcos Perreau Guimaraes to the position of Chief Data Scientist.
"The experienced team at 3TEN8 is combining their deep domain knowledge of telecom network operations with advanced AI and machine learning techniques in a way that completely disrupts how we think about network operations and efficiency," said Amr Awadallah, CTO and cofounder of Cloudera. "With laser-like focus on the subscriber's experience on the network, 3TEN8 doesn't just diagnose and predict degradations and failures, they automate prioritization for carriers so that resources are efficiently allocated to maximize the subscriber's overall experience, thus minimizing long-term churn rates."
Currently processing over 6 billion records per day for wireless operators ranging from Tier-1 to regional midsize carriers, 3TEN8 is now accurately predicting future network states 24-72 hours in advance, including the health and performance of the network, as well as traffic patterns and congestion. The technology diagnoses network anomalies with over 90% accuracy and saves engineers 50% of time troubleshooting, significantly reducing costs to operators and eliminating the need for outside vendors and consultants.
"As increased data usage from high bandwidth applications puts pressure on wireless networks, carriers' operational expenditures are rising and margins are shrinking," said Miro Salem, co-founder and CEO of 3TEN8. "Recent advances in Artificial Intelligence, Cloud Computing, and new 3GPP 5G Protocols have enabled us to develop a proactive system that will automate 90% of wireless network operations. We welcome Marcos to the company, as his expertise will help our team move the industry into a more intelligent, AI-guided operational model."
Marcos Perreau Guimaraes joins 3TEN8 as Chief Data Scientist and VP of Machine Learning engineering after an extensive background in data analytics and machine learning, working as a researcher and Principal Investigator at top tier institutions including Stanford University and Inria. Prior to 3TEN8, Marcos led the innovation of Netflix's Emmy Award-winning personalization engine as Director of Innovation, and was Director and Chief Data Scientist for MarkMonitor where he led a team of scientists and engineers to build a software system that enables corporations to target brand thefts using machine learning, AI, and advanced graph data management. Marcos holds a Ph.D. in Computer Science with a major in Signal Processing from Rene Descartes University in Paris.
"I am thrilled to join a team that is disrupting the status quo in an industry that is ripe for more efficient operations," said Marcos "We are analyzing weather, public events, topography and landscape, geolocation, configurations, alarms and faults on the network, and overall performance to predict when and where there will be network anomalies, and beyond prediction we provide diagnostics that do not need to be programmed by engineers, increasing customer satisfaction and reducing the industry's dependence on antiquated and costly vendors."
3TEN8 is a San Jose-based startup poised to make wireless networks more efficient and set the stage for 5G using artificial intelligence for network operations. 3TEN8 utilizes a cloud artificial intelligence and machine learning platform, focused on predicting and diagnosing network outages and failures that have the largest impact on subscriber quality of service, allowing carriers to allocate resources to maximize business impact. With up to 90 percent accuracy, 3TEN8 is able to detect network failures and offer diagnosis saving carriers hundreds of millions of dollars and massive amounts of time. For more information visit: http://3ten8.ai