Leuven (Belgium), July 2024 - Inmanta, the leading expert in intent-based service orchestration for telecom, has secured €2 million in funding from the University of Leuven (KU Leuven), the Gemma Frisius Fund, and the Flemish investment company PMV. This investment will fuel Inmanta's growth trajectory and empower the software company to further revolutionize the way telecoms automate and manage their networks.
Inmanta is a pure-play network automation and orchestration vendor, founded as a spin-off from the University of Leuven (KU Leuven) in Belgium. Its end-to-end service orchestration software is purpose-built to maximize the speed and productivity of network and service operations while ensuring high resilience. The success stories of Inmanta's existing customers across EMEA, including BICS, Citymesh, CMC networks and Telenet, demonstrate tangible benefits, including on-demand delivery within minutes and 70% OPEX savings. Inmanta’s open and best-of-breed platform puts the telecom provider back in the driver’s seat, increasing control and serviceability.
Empowering telecom providers with Automation and Intelligence
Fast, reliable connectivity is the lifeblood of our data-driven world. Telecommunications providers face constant pressure to deliver new services rapidly and efficiently. However, manual provisioning processes and complex network configurations lead to slow and error-prone activation, and hinder the ability to roll out new products quickly.
Based on advanced research in distributed systems and computer networks, Inmanta developed a truly intent-based platform, making deploying and managing end-to-end connectivity services much easier. “Inmanta goes beyond simple workflow automation. Our intelligent solution interprets the underlying network and autonomously determines the necessary actions to guarantee the desired outcome”, says Stefan Walraven, CEO of Inmanta. “This eliminates the need for complex, ad-hoc workflows for every scenario, which is a significant advantage for telecom providers seeking agility and productivity. They can automate and launch new services within weeks. Moreover, reliability and resilience are an absolute asset thanks to the built-in self-healing capabilities of our product."
Growing market
The funding round includes contributions from KU Leuven, the Gemma Frisius Fund, and PMV, the Flemish investment company. "Network automation and orchestration software in telecom is a relatively new and rapidly growing market with a lot of opportunities," says Roald Borré, Group Manager Venture Capital at PMV. "The continued focus on operational efficiency and expansion into complementary segments makes Inmanta's solution interesting for a wide range of players in the telecom market and even beyond." This investment highlights Inmanta as a key player in the booming network automation market.
The capital increase of €2 million supports the acceleration of growth with additional investments in marketing, sales, and partnerships. As the first step, we are looking for a B2B partner manager to expand our strategic partner program. Join our growing team.
About PMV
The Flemish investment company PMV shapes the future of the Flemish economy. PMV finances promising companies from the very start, through to growth and internationalization. PMV offers tailor-made financial solutions to all entrepreneurs with a good business plan and a strong management team. It does this with capital, loans, and guarantees. In addition, she realizes projects with and for the government and other partners that are important for prosperity and well-being in Flanders. PMV has a portfolio with 1.7 billion euros under management.
More information at: https://www.pmv.eu/en/
About KU Leuven
KU Leuven was founded in 1425 and is not only one of the oldest but also the most innovative university in Europe (Reuters). With 65,000 students and more than 22,000 employees, it is also the largest university in Belgium. Through its technology transfer service KU Leuven Research & Development (LRD), 3,031 new collaboration agreements with industry and other stakeholders were concluded - in 2023 alone - 163 new patents were granted, and 5 new spin-off companies were launched, increasing the total number of spin-offs founded KU Leuven to 156 at the end of 2023.
More information at: https://lrd.kuleuven.be/en
About Gemma Frisius Fund
The Gemma Frisius Fund (GFF) is a seed capital fund established in 1997 as a joint venture between KU Leuven, KBC Private Equity, and BNP Paribas Fortis Private Equity. It combines the university's expertise in research and technology transfer with the financial and investment knowledge of both financial partners. GFF provides seed capital in the early development stages of innovative, research-oriented spin-off companies in all technological fields and supports them in their growth process.
More information at: https://lrd.kuleuven.be/en/spinoff/gemma-frisius-fund
About Inmanta
Inmanta is the leading expert in end-to-end service orchestration. Inmanta empowers telecom operators and service providers to deliver and manage connectivity services much faster, at scale, and with more flexibility. Leading telecom and communication service providers rely on Inmanta’s award-winning orchestration solutions to deliver mission-critical services, beef up their automation process, increase operational efficiency, and guide them through their transformation journey.
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For media inquiries, please contact:
Kaleigh Downing
Marketing Manager, Inmanta
Email: kaleigh.downing@inmanta.com