Big data startup Real Impact Analytics secured €12 million in its first round of funding. This Series A funding will allow RIA to further challenge the industry giants with its catalog of big data applications.
The round was led by venture capital funds Fortino Capital and Endeit Capital, together with Gimv, through its Gimv Arkiv Tech Fund II. The startup plans to continue its expansion and provide the resources to further challenge giants like SAS and IBM. Founded in 2009, RIA helps telecom operators manage their marketing, sales and distribution networks more efficiently and successfully by embedding their big data applications in the day-to-day work of major telecom operators. Working with five of the top ten global telecom operators it has five offices around the world. Their revenue has more than doubled in revenue and team size every year on average since its inception.
We are tired of seeing analytics only benefiting a few privileged experts. We have achieved what no other company has — developing and truly embedding big data apps in the day-to-day work of major telecom operators. With the help of these investors one can only imagine what we will do to fulfill our mission.
said Sébastien Deletaille, Co-Founder and CEO of Real Impact Analytics.
The Belgian company changed the traditional big data approach by delivering simple and easy-to-use applications for telecom employees. In this context, the funds will support the continued development of the startup’s applications catalog. The ability to attract the ideal consortium of value-adding venture capitalists is further proof of Real Impact Analytics’ potential.
Duco Sickinghe, Founder and Managing partner at Fortino, and former CEO of Telenet stated,
The startup’s disruptive approach and powerful technology are delivering tremendous impact. It is a new quantum leap in improving customer acquisition and success as well as driving a superior return on network assets. As a telecom executive, I would love to have them as partners to build the analytic capability better and faster. The loyalty of their customer base is a testimony of their achievements.
Loic Jacobs van Merlen, Co-Founder and CCO of Real Impact Analytics said that to survive in big data industry telecom operators urgently need to drive their business based on data. He believes 2016 is the perfect time for Real Impact Analytics to enter the giant’s court.
Impressed by its highly talented team Hubert Deitmers, Co-Founder and Managing Partner at Endeit Capital said,
Big data is one of our focus areas and we selected Real Impact Analytics among other promising players due to its unique offering.