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Seraphim Capital invests £2 million in Aria Networks


12th May 2008

Chippenham, UK
Seraphim Capital, the £30million Enterprise Capital Fund, has led a £2million Series A investment in Aria Networks – a developer of next-generation artificial-intelligence software that is used to plan and optimise telecoms networks.

Aria’s proprietary technology is based on software that more closely models the adaptive nature of the human brain than any other technique currently available. Aria achieves this by competing different artificial-intelligence algorithms - including networks of interconnecting artificial neurons which imitate the properties of the biological neurons in the human brain – to solve complex problems. This approach allows Aria’s software to be self-learning and to continually evolve.

These capabilities represent the application of next-generation, world-class artificial-intelligence solutions. The power of Aria’s software has already been successfully tested against some of the world’s best modelling solutions, and was used by the company who mapped the Human Genome and by world-class pharmaceutical companies such as GlaxoSmithKline, to investigate complex diseases and as part of their drug development programs.

Aria is now exploiting its advanced software within the trillion dollar global telecoms industry with a view to fundamentally changing the way complex telecoms networks are designed, planned and operated.

In an effort to win and retain customers in an increasingly competitive market, telecoms operators are rapidly expanding their service offering by seeking to provide ”quad-play” services comprising fixed and mobile voice services (including voice calls made over the Internet - known as VOIP), broadband Internet access, and television services over the Internet (known as IPTV or Video On Demand / VOD).

In order to provide these new services, telecoms operators around the world are building converged networks – called ‘Next-Generation Networks’. BT for example is spending over £10billion on its ‘21st-Century Network”.

Next-Generation Networks are highly complex and require systems known as Operational Support Systems (OSS) to successfully operate them. It is within the $42billion OSS market – which is forecast to grow by 50% by 2012 - that Aria operates.

Aria’s technology enables telecoms companies to design, plan, and optimise their Next-Generation Networks. Using its artificial-intelligence, Aria is capable of doing in minutes what it takes large teams of engineers and planners months to achieve. Furthermore, the functionality provided by Aria enables telecom operators to economically build their network and to reliably deliver services such as streaming video or music downloads.

Aria’s technology is highly disruptive and has the capability to fundamentally change the economics of a telecom operator’s business.

Aria is already working with Alcatel-Lucent – the world’s largest telecoms hardware vendor, Amdocs – the world’s largest OSS software vendor, and BT – one of the world’s largest telecoms operators.

Aria is led by CEO Tony Fallows – a 20 year veteran of the telecoms industry – and Chairman Jon Richards – formerly CEO of the Anite Group PLC and a highly accomplished software entrepreneur in his own right who has been involved in the successful exit of ten other VC-backed companies.

The £2million investment enables Aria to expand its team to address its burgeoning pipeline of hardware and software vendors, systems integrators and telecom operators from around the world all of whom are queuing up to leverage Aria’s world-beating technology.

Comment

Tony Fallows, CEO of Aria Networks
'We are delighted to have completed this round of investment. Over the last year we have made significant progress with our customers and partners around the world. With Seraphim’s backing, we now have the capability to further execute on our unique technology and business strategy.”



Mark Boggett, Investment Director at Seraphim


Publisher Contact Information:

Aria Networks
+44 (0) 1249 665923
tony.fallows@aria-networks.com

Company profile of Aria Networks
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