# ASSIA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/assia

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.assia-inc.com
- Total disclosed funding: $20M
- Latest round: Series E (Sep 1, 2011)
- Investors on record: 1

## About

ASSIA, Inc. is a technology company focused on optimizing internet access and performance through advanced analytics, big data, and machine learning for telecommunications providers and their subscribers.ASSIA, Inc., founded in 2003 and headquartered in Redwood City, US, specializes in internet optimization technologies. In May 2022, the company was acquired by Dasan Zhone Solutions, Inc. from various investors, including Mingxin China Growth Fund and Telefónica. The CEO, John Cioffi, has a history of founding technology companies, contributing to ASSIA's innovative approach. The company has completed 4 deals, with the latest funding round being a Series E, raising USD 20.00 mn, which represents the total amount raised.ASSIA, Inc. develops technologies that enhance internet access and performance, focusing on analytics, big data, and machine learning. Its adaptive optimization technology utilizes reinforcement learning to improve network performance for telecommunications providers, serving hundreds of millions of subscribers globally. The company’s products are deployed in North America, Europe, and parts of Asia, addressing the increasing demand for improved internet connectivity.ASSIA generates revenue primarily through licensing agreements and partnerships with telecommunications companies and vendors. Clients pay for ongoing access to ASSIA's proprietary software, which includes long-term contracts ensuring consistent revenue streams. Its flagship offerings focus on optimizing DSL and broadband performance, enhancing customer retention and satisfaction for service providers. Revenue from these agreements varies based on client-specific requirements, reflecting the tailored nature of their solutions.ASSIA plans to leverage its recent funding to enhance its technology offerings and expand into new markets. The company is designing new products aimed at further optimizing internet performance, with expected launches in the upcoming year. Furthermore, ASSIA is targeting expansion into emerging markets, particularly in Asia and regions in Europe, by the end of 2023. The May 2022 acquisition will support these initiatives by providing additional resources and market presence.

## Funding rounds

- Series E, Sep 1, 2011, $20M — Telefonica Open Future

## Investors

- Telefonica Open Future (https://capitalatlas.ai/funds/telefonica-open-future) — Series E