https://techcrunch.com/2023/05/02/mavenir-raises-100m-to-build-more-ai-into-its-cloud-based-automated-network-technology-for-telecoms-services/

One of the bigger trends in telecoms has been the evolution of cloud computing and how software operating in the cloud is being used by carriers to build out and manage their networks — moves disrupting traditional business models based around the purchasing and deployment of costly telecoms routers, switches and other costly physical equipment. Today, Mavenir — one of the hopefuls in that space, with a focus on Open Radio Access Networks and related services for 5G networks — is announcing $100 million in funding to expand its technology and its customer base.

The first of those will involve bringing more AI tools into the mix, the company said; and as for the latter, the company already has a sizable business: it currently has more than 250 service provider and enterprise customers across 120 countries, services that altogether cover more than half of the world’s mobile subscribers. The plan will be not just to continue expanding that pool, but to build more services to sell to current customers.