Boston-based artificial intelligence-driven Wifi automation startup Wyebot raised USD 8 million in Series A funding. Stage 1 Ventures led the funding round for Wyebot on May 05, 2022. Meanwhile, existing investors Tectonic Ventures, Innospark Ventures, and Launch Capital also participated in the round.
Purpose of Funding for Wyebot
Wyebot will use the proceeds from the recent round to further commercialize its industry-leading Wireless Intelligence Platform (WIP). It will also look to meet expanding market demands across industries, including the distributed enterprise, education, healthcare, manufacturing and warehousing.
What the founder has to say
“Wyebot has witnessed significant and growing demand, with the evolution of the mobile enterprise and explosion of IoT devices, for a solution that leverages automation to identify and address WiFi performance issues proactively, and our investors realized that. We will continue to lead this market transformation and deliver innovative solutions to ensure business continuity for our customers,” said Roger Sands, CEO and Co-founder of Wyebot.
What the investor has to say
David Baum, Partner at Stage 1 Ventures, said, “Proven by its incredible market demand and impressive client roster, Wyebot is an innovator with a solution for addressing a critical business problem – ensuring an efficient and reliable WiFi. Wyebot has continued to adapt and develop its awarding-winning product, firmly establishing itself as the industry leader in eliminating critical WiFi issues across industries.”
About Wyebot
Anil Gupta and Rogen Sands co-founded Wyebot in 2016. The company is the industry leader in AI-driven WiFi Automation. It’s vendor-agnostic Wireless Intelligence Platform™ that monitors, analyses, and uses its patented AI-based engine and market-leading multi-radio sensor, automatically providing problem identification and solutions. Its solutions result in up to a 90% reduction in the meantime to problem resolution, up to a 70% reduction in WiFi problem tickets, and a reduction in onsite problem-solving visits by up to 80%.
Wyebot’s WIP helps IT departments with remote network automation, so they can not only efficiently identify problems but also troubleshoot WiFi issues without ever having to be onsite.
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