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Selector Secures $33M Series B to Transform AIOps for Networks
Slice of Technology Team
November 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
Notable 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.”
“Selector has proven it can achieve 360-degree visibility across networks–and prescribe action instantly after an incident occurs. This creates a massive opportunity for them as networks rise in importance to enterprises around the world.”
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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