Communication by emails or chat interfaces or voice is the backbone of any enterprise today. Work on projects, exchange of information, keeping track of company vehicles, getting customer or client requirements, etc., all happen through communication. All the corporations in the world use some kind of networking software to exchange files or to communicate. Since there are so many people using communication software at the same time, there are chances of network overload (server downtime), security threats or erroneous transmission of information.
Avanseus was co-founded in June 2015 by Nandan Nilekani and Srikanth Nadhamuni. The company is headquartered in Singapore. The company has developed AI-based software that can predict network faults in advance. This helps reduce server downtimes and the threat of hacking. Once a fault is predicted; network engineers can maintain the network in advance and prevent server downtimes.
Even network security threats can be diffused in advance. Companies can enjoy maximum productivity and maximum data security and integrity with Avanseus’s AI-based software. The network maintenance cost for many companies has come down drastically thanks to Avanseus’s AI-based predictive software. The company’s software can be installed in stand-alone systems or at the cloud server. If a company’s data is hacked, it could cost the company a fortune, if its network speed is slow, its productivity and profits are affected. Hence, it is vital that a company’s communication network enjoys both speed and security, which Avanseus’s AI-based software provides (indirectly). Avanseus’s AI-based software has been endorsed by many companies. It has signed contracts worth millions of dollars with many companies in various fields. It is mainly used by IT companies; IoT based companies, broadband service providers and telecommunication providers.
The Road Map
On January 31st, 2019, Avanseus secured Singapore Dollar 1.5 million in a seed round of funding from the VC firm, TNB Aura Fund. The company plans to use the funds to make its software even more robust and to expand its footprint globally.
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