Air Ventures takes 15% stake in CROSS Network Intelligence
Fast-growing Czech OSS specialists benefit from increased investor focus to boost expansion and international presence.
CROSS Network Intelligence is excited to announce that Air Ventures, a Czech-based investment and advisory boutique, has acquired a 15% equity stake in the company, joining existing investors such as UP21. The transaction is part of a larger program to invest a total of $10 million in start-ups and scale-ups over the next three years.
The move highlights the growing success of CROSS Network Intelligence and its success in execution, as the company evolves from its Czech roots to embrace international and transatlantic markets.
The company is experiencing growing demand for its product, which simplifies the management and maintenance of complex telecoms and utility networks through accurate representation of resources and assets.
“With 5G and massive IoT coming, it’s now more important than ever for telecoms operators to truly and easily understand their networks,” said Jan Ulc, CEO and co-founder of CROSS Network Intelligence. “Our solution provides the single source of truth they need. Air Ventures brings valuable expertise and connections that will help support our growth as we scale to capitalize on this opportunity.”
Air Ventures has selected CROSS Network Intelligence as an investment vehicle, thanks to its experienced leadership team, notable customers and a clear, compelling vision.
“CROSS Network Intelligence has evolved rapidly since foundation, taking great strides to internationalize its team and customer base,” commented Vaclav Pavlecka of Air Ventures. “Our investment is designed to accelerate this growth and to help the team more effectively target the US market while evolving its solution to meet the challenges of 5G and all fiber networks.”
CROSS Network Intelligence is continuing to experience strong growth, with interest from an increasingly diverse range of locations and customers. Backed by leading investors, such as Air Ventures and UP21, the team is poised for significant expansion in 2020.