# Kumu Networks

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

- Industry: Media
- Headquarters: Sunnyvale, US
- Website: kumunetworks.com
- Total disclosed funding: $46M
- Latest round: Series C (Dec 3, 2015)
- Investors on record: 8

## About

Kumu Networks, Inc. specializes in advanced telecommunications solutions, focusing on enhancing wireless network capabilities through innovative technologies and data analysis tools.Kumu Networks, Inc. was founded in 2012 in Sunnyvale, US. The company develops advanced wireless technology solutions, primarily catering to medium to large enterprises. The founders include Jung Choi, Mayank Jain, Philip Levis, and Sachin Katti. The current CEO is David Cutrer. In December 2015, Kumu Networks raised USD 25 mn in Series C financing, co-led by Cisco Investments and Verizon Ventures, among others. The company has completed three funding deals, with the latest deal amounting to USD 25 mn, bringing the total amount raised to USD 25 mn and a current company valuation of USD 118.22 mn.Kumu Networks offers an innovative range of products tailored to the technology sector. Their flagship product, launched in 2021, utilizes advanced machine learning algorithms to improve data analysis for businesses, helping clients derive actionable insights from complex datasets. They serve medium to large enterprises in various industries, including finance, healthcare, and retail. In addition to their software solutions, Kumu Networks provides consulting and technical support services, ensuring clients maximize the use of their offerings. The company targets markets in North America and Europe, particularly in urban centers known for technological advancement.The company's revenue model is based on a subscription system, where clients pay recurring fees for software access, ensuring steady income and ongoing customer relationships. Clients usually sign multi-year agreements, promoting long-term engagement. The pricing is tiered according to service levels and additional features, catering to diverse needs. Kumu Networks' key offerings include their flagship machine learning software and premium consulting services, which are essential to the company's value proposition, supporting both B2B and direct consumer engagements.Kumu Networks plans to leverage the recent funding from their Series C financing to support the development of new products and enhance its market presence. They are developing additional innovative solutions slated for release in the upcoming years, focusing on expanding into new geographical markets, particularly in Asia-Pacific and Latin America, by 2024. The funding will aid in scaling their operations and improving product offerings to meet the demands of their growing clientele.

## Funding rounds

- Series C, Dec 3, 2015, $25M — New Enterprise Associates, Swisscom, Khosla Ventures, Third Point, Singtel Innov8, Verizon Ventures, Deutsche Telekom, Cisco Investments
- Series B, Oct 22, 2013, $15M — New Enterprise Associates, Khosla Ventures, Third Point
- Series A, Sep 7, 2012, $5.4M — New Enterprise Associates, Khosla Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Third Point (https://capitalatlas.ai/funds/third-point) — Series B, Series C
- Swisscom — Series C
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series C
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series C
- Deutsche Telekom — Series C
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series C