1.3 million to improve telecommunications quality
Andreas Granig and Daniel Tiefnig sold their first company Sipwise to Alcatel Lucent Enterprise in 2018 for a double-digit million amount. A few years later, they founded Sipfront together with Markus Seidl.
From SIP to 5G
Sipfront is solving problems that already exist today: the often inadequate quality of phone calls and video conferences. But now, with the spread of 5G and IoT, there is also a rapidly increasing use of networked devices and sensors, particularly in logistics, warehousing and industry. This means that monitoring connection quality and quickly resolving problems will become crucial competitive factors for numerous business cases in the near future.
“The voice and video quality on a network is an important indicator for detecting connection problems. Because with real-time services that are sensitive to disruption, irregularities are usually first to become visible,” explains Andreas Granig, CEO of Sipfront. “In the next few years, 5G devices with extremely low latencies in the industrial and automotive sectors will significantly tighten the requirements for mobile networks,” Granig is certain. This is exactly where Sipfront’s AI-supported technology comes into play to enable telecom providers to provide reliable services for each of the millions of connected devices.
Seven-figure investment for research and growth
In addition to the founders themselves, the Austrian Research Promotion Agency FFG and the Vienna Business Agency, among others, supported the company financially in the first few years. Now a further round of financing worth 1.3 million Euros is announced. The investments will accelerate Sipfront’s technological development and growth. So far, in total more than 3 million Euros will flow into the company since its founding.
The current financing round consists of a pre-seed investment from tecnet equity and the three business angels Gernot Singer (invest.austria), Jan Trionow (former CEO of Hutchison Drei Austria) and Markus Buchner (together with his partners from yuutel, a B2B telephony specialist in Vienna). This financing is supplemented by funding from the “aws Seedfinancing - Deep Tech” program, which will also provide the company with advisory support in the coming years.
Doris Agneter and Jürgen Milde-Ennöckl from tecnet equity on their investment decision: “Serial founders with whom we have already worked and a rapidly growing global market were the main reasons for our financing commitment to the Lower Austrian technology company.”comments powered by Disqus