Net AI spends £750,000 to reduce the cost and carbon footprint of 5G telecom providers-UKTN (UK Technology News)

2021-11-16 20:59:36 By : Ms. Brenda Wong

In order to become a market leader in analyzing 5G mobile network traffic, completely changing the management of software-based mobile infrastructure, and enabling mobile network operators (MNOs) to meet stringent customer requirements in a cost-effective manner, a start-up company based in Edinburgh Net AI has raised £750,000 in pre-seed funding.

This round of financing was led by Techstart Ventures, with Nauta Capital, Creator Fund, Old College Capital and Edinburgh Technology Fund also participating.

This startup, spun off from the University of Edinburgh, is using artificial intelligence to improve the efficiency and profitability of 5G network providers. It will use the funds to expand its team, accelerate its product development and market introduction, and protect the company's intellectual property rights.

Net AI's Microscope technology uses artificial intelligence and cloud computing technology to allow 5G providers to gain real-time insight into the network requirements of each service level. Currently, the hardware and software required to process raw data at different points in the network are expensive and inaccurate.

Net AI analyzes this network data and breaks it down into the various applications they contain, allowing operators to determine where to allocate their computing power. By doing so, this startup enables service providers to unlock the potential of data, increase profit margins, and meet consumer needs while reducing their carbon footprint.

The scope of insight Net AI provides for telecommunications includes accurate segmentation of network requirements, and can inform operators of service usage at any location at any time, and how the traffic consumption of these services will develop in the future.

It is predicted that by 2024, the global network automation market will be worth more than 20 billion pounds. Dr. Paul Patras, CEO and co-founder of Net AI, said: “We live in a world with an insatiable need for data. With the help of Microscope's artificial intelligence and cloud-based technology, we provide another way for future 5G services. One way: a way that is cheaper, more efficient, and more beneficial to the planet. This funding is just the beginning of opportunities for us to cooperate with mobile network operators and telecom original equipment manufacturers (OEMs), and for those who are interested Provide an early opportunity to use our AI-driven traffic decomposition engine."

Pratima Aiyagari, Venture Partner at Nauta Capital, said: “We are very happy to add Net AI to our Nauta Labs portfolio. Their unique AI technology is based on years of research conducted in Europe’s top computer science research centers and is the first to pass Deep learning technology for traffic decomposition, which can classify traffic flows in real-time or on a large scale. Near real-time. This will change the rules of the game for cloud-based virtualized mobile network management in the future. This is in line with our focus on using our Nauta Labs' plan to support European deep technology companies in the pre-seed stage is very consistent."