Washington DC, October 8, 2024 — TelcoBrain Technologies Inc. is pleased to announce the successful completion of a convertible note funding round led by DEPO Ventures. This strategic investment marks a significant milestone in TelcoBrain’s mission to revolutionize network evolution and infrastructure management. The funding underscores the confidence in TelcoBrain’s innovative approach to optimizing network and cloud resources based on techno-economic principles.
“We are thrilled to announce this significant milestone in TelcoBrain’s journey. The convertible note funding led by DEPO Ventures is a testament to the innovative solutions we are bringing to the telecom and ICT sectors. This investment will enable us to enhance our platform’s capabilities, deliver exceptional value to our early adopters, and scale our platform features. We are excited about the future and grateful for the support and confidence shown by DEPO Ventures. Together, we are poised to revolutionize network evolution and infrastructure management,” said Omar Al-Anni, Founder & CEO of TelcoBrain Technologies Inc.
The capital will be utilized to expand supported use cases, enhance user experience, and accelerate platform deployment for early adopters in the telecom sector across North America, Europe, and the Middle-East throughout 2024 and early 2025.
"TelcoBrain represents a unique investment opportunity in the telecom sector with its innovative techno-economic models for network and cloud planning. Unlike tools focusing solely on operational issues, TelcoBrain prioritizes ROI and revenue sustainability, validated by major players like AT&T and Deutsche Telekom. It addresses a growing market demand, tapping into a $2 trillion opportunity by 2030," said Michal Ciffra, partner at DEPO Ventures.
Looking ahead to 2025 and beyond, TelcoBrain’s key milestones include expanding the platform’s capabilities to cover more layers and integration with infrastructure management ecosystem, enhancing AI/ML capabilities, techno-economic models, and scaling operations to support a growing global demand from telecom and enterprise customers.
“We are excited to partner with DEPO Ventures, whose expertise and support will be invaluable as we scale our operations in CEE region and beyond. This collaboration will bring strategic guidance, industry connections, and additional resources that will accelerate TelcoBrain’s market adoption and platform expansion,” added Al-Anni.
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TelcoBrain Technologies Inc. is on a mission to maximize efficiency for the anticipated $3+ trillion global investment in network and cloud infrastructure over the next decade. The company is set to redefine the standards of technology evolution with its industry-first approach by leveraging techno-economic principles, predictive analytics, and deep AI models, all embedded in a fully automated SaaS platform. Our Platform is transforming the way organizations address technology advancement, forecasting, reliability optimization, and resource management.
About DEPO Ventures
Depo Ventures is an investment group focusing on early-stage startups in the Central and Eastern European region, supported by a community of angel investors. The investment group also leads the international syndicate DEPO Angels, connecting investors with high-quality startups and simplifying the investment process.
Media inquiries
TelcoBrain Public Relations
Email: PR@telcobrain.com
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