7 years ago

OpenSignal Raises $8 Million to Expand Network Speed Monitoring Platform

  • OpenSignal, a London-based startup that uses data from 100 million smartphones to monitor network speeds, has raised $8 million in Series B funding led by Octopus Ventures

  • The company plans to use the funds to expand its team and products

  • OpenSignal has expanded its business model to integrate with a wider group of third-party apps to bring together a wider group of mobile phone users to expand OpenSignal’s data and reach

  • The company has recently turned profitable and is aiming to become a global standard for network experience and connectivity.

      • ProblemTechnology Infrastructure

      "Mobile network operators rely on their own diagnostics to track network speeds which are often inaccurate and misleading."

      Solution

      "OpenSignal uses sensor data from 100 million smartphones to create an independent and accurate assessment of network speeds. This data is used by mobile network operators, regulators, and financial analysts to improve network performance, track compliance, and understand the industry."

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