CUJO AI, a company founded in 2015 that has grown rapidly and is now counting 170 employees, has received an investment from KPN Ventures – the venture capital investment arm of Dutch telecommunications company KPN. The capital provided is part of a series B investment round to fuel international growth.
CUJO AI will use the capital to accelerate growth in building and expanding new AI-driven services for network operators. With this investment, CUJO AI will continue to evolve AI-powered technology and to meet growing international demand. The company is actively working with several network operators.
With CUJO AI Network, operators would be able to reduce costs, save time, decrease customer churn, and create brand loyalty. Powered by machine learning algorithms, CUJO AI technology solutions would help network operators protect the connected homes of their customers but also improve the connected experience. These solutions include security, advanced device identification, network analytics, and more. Each solution can be implemented as a white-label offering.
“We work closely with the network operators to develop and deliver AI driven solutions powered by machine learning and real-time data,” said Einaras von Gravrock, CEO of CUJO AI. “Our goal is to scale the security and personalize the customer experience. Network Operators that implement CUJO AI solutions will be able to offer personalized network visibility for their users. We are proud that KPN Ventures trusts our technology and wanted to invest in our AI-driven solutions.”
With its main office in Rotterdam, The Netherlands, KPN Ventures focuses on direct and indirect (fund-in-fund) early-stage investments in Cyber Security, Internet of Things, Smart Home, Digital Healthcare, Video/OTT, Cloud, Data/AI and Networking Technology.
“As the number of connected home devices grows, home network management and security becomes increasingly important,” said Herman Kienhuis, managing director of KPN Ventures. The CUJO AI team has developed best-in-class software for this purpose and is already working with leading U.S. players to bring this to consumers. Through our investment, we aim to support CUJO AI in bringing their solution to European markets as well.”