Affirmed Networks

Middlesex, United States Founded: 2010 • Age: 16 yrs Acquired By Microsoft
Mobile network virtualization solution
Annual revenue - Latest available
Total funding $155.0M 6 rounds
Employees 299 Tracked headcount
Investors 12 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Affirmed Networks

Affirmed Networks is a company based in Middlesex (United States) founded in 2010 was acquired by Microsoft in March 2020. Affirmed Networks has raised $155.01 million across 6 funding rounds from investors including Microsoft, Vodafone and Bessemer Venture Partners. The company has 299 employees as of December 31, 2022. Affirmed Networks offers products and services including Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service. Affirmed Networks operates in a competitive market with competitors including VMware, Mavenir, Ericsson, NEC and ZTE, among others.

  • Headquarter Middlesex, United States
  • Employees 299 as on 31 Dec, 2022
  • Sectors
    Technology
    Telecommunications
  • Phone
    Locked
  • Website
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  • Social
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Operational Areas
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Telecommunications → Telecommunications Infrastructure & Services Unlock Sub-Sector Unlock Segment
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $155.01 M (USD)

    in 6 rounds

  • Latest Funding Round
    $38.02 M (USD), Series C

    Feb 15, 2019

  • Investors
    Microsoft

    & 11 more

  • Employee Count
    299

    as on Dec 31, 2022

  • Acquired by
    Microsoft

    (Mar 26, 2020)

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Products & Services of Affirmed Networks

Affirmed Networks offers a comprehensive portfolio of products and services, including Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service.

Product name locked
Category locked
Primary

Fully virtualized solution for transforming telecom networks

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Cloud-native platform for Telco digital transformation and 5G deployments

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Service to monetize enterprise opportunities with private networks

People of Affirmed Networks

Headcount 200-500
Employee Profiles 7
Employee Profiles
People
George Hale
VP, Finance & Administration
People
Sanjay Mewada
Chief Strategy & Marketing Officer
People
Srinivasan Muralidharan
Senior Manager, Product Development
People
Shimao Wang
Sales Director, Greater China

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Funding Insights of Affirmed Networks

Affirmed Networks has successfully raised a total of $155.01M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $38.02 million completed in February 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Affirmed Networks

Affirmed Networks has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Vodafone and Bessemer Venture Partners.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private investment firm providing capital and expertise to high-potential companies in technology and consumer sectors.
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Venture capital investing in technology sectors such as AI and automotive.
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Venture debt firm that does debt investment in the US
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Investor details for Affirmed Networks

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Investments & Acquisitions by Affirmed Networks

Investments
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Investment portfolio details for Affirmed Networks

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Financial Statements - Affirmed Networks

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Detailed financials for Affirmed Networks

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Affirmed Networks Comparisons

Affirmed Networks Primary company
Description
Mobile network virtualization solution
Location
Middlesex, United States
Founded Year
2010
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
299
As of 2022
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Peer comparison for Affirmed Networks

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Competitors of Affirmed Networks

Affirmed Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VMware, Mavenir, Ericsson, NEC and ZTE, among others.

Company Name Domain Founded year HQ Location Description
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Cloud orchestration solutions are provided for multi-cloud and device applications.
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Multi-access edge networking computing platform is provided for mobile services.
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Telecom equipment and software solutions are provided for networks.
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Cloud-based IT and networking solutions are provided globally.
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Enterprise SD WAN network management solutions are provided globally.
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Real-time operating systems and telecom protocols are provided for enterprises.
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Detailed competitors of Affirmed Networks

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Latest news on Affirmed Networks

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Complete news archive for Affirmed Networks

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Frequently Asked Questions about Affirmed Networks

Affirmed Networks was founded in 2010.

Affirmed Networks is headquartered in Middlesex, United States.

Affirmed Networks is a funded company, having raised a total of $155.01M across 6 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Affirmed Networks is 299.

Affirmed Networks was founded in 2010 in Middlesex, United States, focusing on telecommunications through network function virtualization. Subscriber management and gateway functionalities are bundled with application and content delivery services in virtualized platforms. Multiple network elements are consolidated into single platforms running on commercial off-the-shelf hardware, leveraging advancements in processors and networking. The Mobile Content Cloud extends NFV benefits to the mobile packet core, supporting operations in the mobile sector.

Affirmed Networks's top competitors include VMware, Mavenir and ZTE.

Affirmed Networks offers Virtual Evolved Packet Core, Affirmed UnityCloud, and Affirmed Private Network Service.

Affirmed Networks has 12 investors. Key investors include Microsoft, Vodafone, Bessemer Venture Partners, Lightspeed Venture Partners, and Qualcomm Ventures.

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