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Affirmed Networks Capitalizes on Market Momentum with Additional $38 Million Funding

by Affirmed Affirmed No Comments
Centerview Capital Technology and Qualcomm Ventures among latest investors to join Affirmed on their journey to the 5G future

ACTON, MASSACHUSETTS, USA, Feb. 25, 2019 — Affirmed Networks, the leader in virtualized mobile networks, announced today that it has raised $38 million in its latest round of funding. This strategic round of funding is led by Centerview Capital Technology and includes wireless industry leader Qualcomm Ventures LLC, Eastward Capital Partners as well as Affirmed’s largest existing investors.

The latest round of funding comes at a time when Affirmed is experiencing significant customer growth. Affirmed, which specializes in virtualized and cloud-native network solutions that help mobile network operators (MNOs) create, monetize and deliver 5G-styled services, currently has more than 100 customers around the world, including many Tier 1 and Tier 2 mobile service providers. The new funding will help Affirmed capitalize on its market momentum and bring its network transformation capabilities into more regions around the globe.

“Affirmed has disruptive technology, deep domain expertise and a vision of mobile network transformation that no other company has,” said Ned Hooper, Partner at Centerview Capital Technology. “As 5G networks continue to be deployed, Affirmed has a unique opportunity to help mobile operators create and innovate the revenue-generating services of the future. We’re very excited to be a part of that future by partnering with Affirmed.”

Since its founding, Affirmed Networks has grown into a market leader with a global operations team and a worldwide presence. Affirmed’s flagship product, the industry’s first fully virtualized and cloud-native Evolved Packet Core (EPC) platform, is deployed in many of the world’s largest MNOs and enjoys trials with multiple operators. This includes 5G trials in several countries.

“Qualcomm and Affirmed Networks share the goal of unlocking the value of 5G and accelerating its adoption worldwide,” said Quinn Li, Senior Vice President and Global Head of Qualcomm Ventures. “When deployed, 5G will redefine connectivity, computing and the edge cloud for the next decade and Affirmed has a proven ability to help mobile operators quickly adopt and adapt to 5G-ready strategies.”

The latest round of funding will enable Affirmed to continue to invest in new products and grow its customer base. In addition, Affirmed works closely with a number of partners to create joint 5G solutions that adhere to emerging industry standards and help MNO’s compete effectively with leading over-the-top (OTT) providers.

“After nearly a decade, Affirmed and its customers now stand at the edge of a 5G world that promises to transform the way we communicate,” said Dr. Hassan Ahmed, President, and CEO of Affirmed Networks. “From augmented reality to driverless cars, the future is coming into focus today, and we’re more committed than ever to helping mobile service providers deliver that future. We’re proud to have Centerview, Qualcomm Ventures and all of our investors join us for that journey.”


About Affirmed Networks, Inc.

Affirmed Networks has achieved significant attention as its Network Functions Virtualization (NFV) solution has become the standard for the world’s top mobile operators. Currently, the company has been deployed in Tier 1 and Tier 2 mobile networks and is engaged in multiple trials worldwide. For more information, please visit www.affirmednetworks.com.

About Centerview Capital Technology

Centerview Capital Technology, based in Palo Alto, California, is an investment adviser focused on growth capital for the technology industry. Centerview Capital Technology actively partners with leading management teams to build enduring companies including SecureWorks, Sauce Labs, Quantenna Communications and Acquia. The team has extensive technology-sector knowledge, operational expertise and deep industry relationships that can be leveraged to unlock value and propel businesses forward. To learn more about Centerview Capital Technology, visit www.centerviewcapital.com/technology/.

About Qualcomm Ventures

As the Venture Capital investment group of Qualcomm Incorporated, a world leader in next-generation wireless technologies, Qualcomm Ventures has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, we’re focused on building the connections that bring our mobile future forward. For more information, please visit www.qualcommventures.com.


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For more information, contact:

Mobile World Congress Media Contacts: 

Amit Tiwari
Vice President Strategic Alliances & Systems Engineering
Affirmed Networks
TEL: +1-978-268-0839
EMAIL: media@affirmednetworks.com

Turkcell and Affirmed Networks Successfully Deploy the Largest Commercial Virtualized Network in the EMEA Region

by Affirmed Affirmed No Comments
Virtualized Mobile Network Infrastructure Supports More than 35 Million Mobile Subscribers Capable of Supporting up to 1.8 Terabits of Traffic
Deployment Provides Turkcell with Industry-Leading Time-to-Market for New Service Introduction and Significant CapEx Savings

ACTON, MASSACHUSETTS, USA, February 6, 2019 – Affirmed Networks, the leader in virtualized mobile networks, today announced with Turkcell that they have jointly deployed one of the largest virtualized mobile networks in the EMEA region. The network currently supports more than 35 million mobile broadband subscribers and carries over a terabit per second (Tbps) of customer traffic across the region.

In February 2018, Affirmed Networks announced they had been selected by Turkcell as a partner providing virtualized network infrastructure for the operator’s network transformation initiative designed to streamline costs and drive revenue growth. A key goal of Turkcell’s network transformation initiative was to embrace a next-generation mobile architecture and to quickly begin experiencing the cost savings and service agility that accompany the deployment of a virtualized network.

Supporting this strategic initiative, Affirmed Networks provided the operator’s virtualized GiLAN solution as well as Turkcell’s complete “Unified Telco Cloud” platform over the past year. Turkcell’s centralized cloud utilizes Red Hat OpenStack Platform, the carrier-grade distribution of the open source, massively-scalable infrastructure framework for building hybrid clouds, and supported by Red Hat Ceph Storage. Additionally, Affirmed Networks also provides Turkcell’s Data Optimization solution, which represents one of their largest NFV deployments. Today, the Turkcell network provides a wide variety of services including data optimization, CGN, DPI and control plane services that include VoLTE, PCRF and AAA.

Working together, Affirmed Networks and Turkcell have successfully delivered on the goals for the initiative, resulting in one of the most extensive live, commercial virtualized mobile networks in the EMEA region. It provides Turkcell with several transformative business benefits that have helped the operator drive its leadership position in the industry. Specifically, these benefits include an accelerated ability to deliver new services to market, and significant CapEx reductions required to build and operate Turkcell’s next-generation network infrastructure.

According to Gediz Sezgin, Turkcell’s CTO: “We initially selected Affirmed Networks based on their innovation in the area of network transformation and virtualization and their work with some of the world’s largest operators. Our decision has been reinforced many times throughout the deployment, as we were continually impressed by the speed in which we were able to move from testing to roll-out; a process that took as little as four months for us to virtualize the critical services required for the success of the project.”

Turkcell believes that their ability to deliver new services is the result of having a production-ready network that allows them to quickly move services to production more efficiently than ever before. This has resulted in a reduction of at least three months for delivering new services compared to the experience in their legacy network.

Realized capex savings also significantly enhance Turkcell’s ability to compete in the market. By eliminating their legacy capital-intensive hardware network infrastructure, the company has been able to significantly reduce the cost of their network, providing both flexibility and competitive advantage.

As a result, Turkcell’s virtualized network reduces both overall cost and time-to-market, greatly enhancing the ability to deploy new services, such as IMS, much sooner.

“Turkcell has achieved an industry leading milestone and we are honored to have been their trusted partner through each stage of this impressive transformation,” said Hassan Ahmed, Chairman and CEO, Affirmed Networks. “Many factors were key to the success of this initiative. Turkcell began with a powerful vision and clear objectives for the virtualization of their mobile network. We combined our accomplished teams with key learnings and best practices from deployments we have completed with other top operators globally to implement this network quickly.”

As part of the ongoing strategic partnership between the two companies, Affirmed Networks will continue to support Turkcell, helping to oversee the day-to-day operations of the network for the next three to five years.

Affirmed Networks has more than 90 customers across five continents, including some of the world’s largest and most innovative operators.



About Turkcell
Turkcell is a digital operator headquartered in Turkey, serving its customers with its unique portfolio of digital services along with voice, messaging, data and IPTV services on its mobile and fixed networks. Turkcell Group companies operate in Turkey, Ukraine, Belarus, Northern Cyprus, Germany. Turkcell launched LTE services in its home country on April 1st, 2016, employing LTE-Advanced and 3 carrier aggregation technologies in 81 cities. In 2G and 3G, Turkcell’s population coverage in Turkey is at 99.61% and 97.94%, respectively, as of December, 2017. Turkcell offers up to 1 Gbps fiber internet speed with its FTTH services. Turkcell Group reported TRY17.6 billion revenue in FY17 with total assets of TRY34.0 billion as of December 31, 2017. It has been listed on the NYSE and the BIST since July 2000, and is the only NYSE-listed company in Turkey. Read more at www.turkcell.com.tr.

About Affirmed Networks, Inc.
Affirmed Networks has achieved significant attention as its Network Functions Virtualization (NFV) solution has become the standard for the world’s top mobile operators. Currently, the company has been deployed commercially, including in Tier 1 and Tier 2 mobile networks, and is engaged in many trials worldwide. For more information, please visit: www.affirmednetworks.com.

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