Telness Technologies
Provides the infrastructure, experience, and expertise telecoms companies need to revolutionize the consumer experience.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
€4.3m Valuation: €42.5m 8.7x EV/Revenue | Early VC | ||
| Total Funding | 000k | ||
| SEK | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 196 % | 22 % | 150 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (217 %) | (185 %) | (217 %) | (183 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Telness Tech is a Swedish-based startup that provides automated digital solutions for telecom companies, including Communication Service Providers (CSPs), Mobile Virtual Network Operators (MVNOs), and other telecom businesses. The company's primary goal is to enhance customer satisfaction and reduce operational expenses (OPEX) through automation.
Telness Tech offers a proprietary, cloud-based platform that provides end-to-end Business Support Systems (BSS) and Operations Support Systems (OSS). In simple terms, these systems help telecom companies manage their business operations and customer services effectively. The platform is ready for connectivity in 64 countries, making it a global solution.
The company's solutions are designed to be user-friendly, mirroring the ease of use seen in popular self-service platforms like Spotify and Netflix. This approach reduces the need for manual work, resulting in significant cost savings. For instance, the company claims to have achieved an 80-90% cost reduction for manual tasks such as support, back office, and admin work.
Telness Tech's business model is based on low initial investment costs and generating monthly recurring revenue from the first user. This model, coupled with the company's ability to launch or migrate an operator in 1-3 months, ensures a short time to market.
The company has already made a significant impact in the telecom industry. For example, since its launch in 2017, it has helped create the highest-rated mobile operator in Sweden.
In summary, Telness Tech is a game-changer in the telecom industry, providing innovative, user-friendly, and cost-effective digital solutions for telecom companies worldwide.
Keywords: Telecom, Automation, Digital Solutions, CSPs, MVNOs, BSS/OSS, Cloud-Based Platform, User-Friendly, Cost-Effective, Global Connectivity.