Selector Secures $33M Series B to Transform AIOps for Networks

Slice of Technology Team

11/25/2024

Key Highlights:

Selector raises $33M in Series B funding, led by Ansa Capital and supported by major telecom investors.
Innovative AI-powered solutions reduce network downtime by up to 90%, providing real-time insights with a network-focused large language model (NLM).
Expansion plans include scaling AIOps, LLM, and Digital Twin technologies and global growth across the US, Europe, and Asia.

Source: Business Wire

Quotes

“ “Even the slightest performance degradation or downtime is unacceptable for mission-critical infrastructure and services. Solving this problem requires auto-correlating across enormous volumes of data. That’s why we exist.” ”

Kannan Kothandaraman, CEO at Selector

Our Take:

Selector’s focus on reducing downtime and leveraging AI-driven tools, such as their proprietary network large language model (NLM), positions them as a leader in the rapidly growing AIOps market. The $33M Series B funding, backed by both major VC firms and telecommunications giants, highlights their credibility and the market’s recognition of the problem they’re solving. Their technology's ability to transform repair times into real-time insights offers a competitive edge as enterprises navigate the increasing complexity of cloud and AI-driven infrastructures. Selector’s global expansion and integration with platforms like Google Cloud are further proof of their scalability and industry relevance.

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