# Affirmed Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/affirmed-networks

- Industry: Telecoms
- Headquarters: Acton, US
- Website: www.affirmednetworks.com
- Total disclosed funding: $137M
- Latest round: Series E (Feb 1, 2019)
- Investors on record: 10

## About

Founded in 2010 and based in Massachusetts, US, Affirmed Networks, Inc. delivers a cloud-native mobile core solution that supports different types of technologies, offers network slicing, provides real-time monitoring, and more. In February 2020, Affirmed Networks, Inc. raised Series E funding from investors, and in March 2020, Microsoft Corp. acquired Affirmed Networks, Inc. for USD 1.35 billion. As of 2022, Anand Krishnamurthy is the CEO of the company.
 
The company provides products and solutions, including Virtual Evolved Packet Core (vEPC), which transforms networks with a fully virtualized, cloud-native solution; Affirmed UnityCloud™, which drives the telco digital transformation; Affirmed Private Network Service (APNS), a managed private network service for operators to monetize the enterprise opportunity; UnityCloud Operations (UC Ops) streamlines the management of any G network function to accelerate 5G deployments and migrations; Cloud edge computing operates for telecom operators.
The firm also offers IoT mobile core solutions, which create, optimize, and monetize IoT services; content and security, which creates customized policies with virtualized GiLAN and security services; virtual probe and analytics, which gathers real-time network intelligence with integrated virtual probe and analytics; network slicing, delivers customized and differentiated services; virtualized wifi, improves network coverage featuring TWAG and ePDG; and global professional services. Affirmed Networks' partners include Dell EMC, HP Enterprise, Intel, Juniper, Red Hat, Tech Mahindra, and VMware.

## Funding rounds

- Series E, Feb 1, 2019, $38M — Eastward Capital Partners, Centerview Capital, Qualcomm Ventures
- Series C, May 22, 2013, $51M — CRV, Lightspeed Venture Partners, Matrix Partners, DTCP, Bessemer Venture Partners, Vodafone Ventures
- Series B, Sep 23, 2011, $36M — CRV, Lightspeed Venture Partners, Matrix Partners, Telekom Deutschland GmbH, Vodafone Ventures
- Series A, Aug 5, 2011, $1.4M — Matrix Partners
- Series A, Jun 9, 2010, $11M — CRV, Matrix Partners

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series A, Series B, Series C
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C
- Telekom Deutschland GmbH — Series B
- Vodafone Ventures (https://capitalatlas.ai/funds/vodafone-ventures) — Series B, Series C
- DTCP — Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Eastward Capital Partners (https://capitalatlas.ai/funds/eastward-capital-partners) — Series E
- Centerview Capital (https://capitalatlas.ai/funds/centerview-capital) — Series E
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series E