Irish technology firm Xunison aims for global expansion after raising €3.35 million
Summary
Xunison aims to be a leading provider of comprehensive broadband delivery and services to the telecom and ISP market.Dublin-based software and hardware provider Xunison has raised 3.35 million in seed funding to support its next phase of global growth.The tech startup tapped Focus Capital to help raise funds in late 2021, shortly after announcing a business partnership with Saudi Arabian telecommunications provider STC.Focus director Martin Higgins said interest in the funding round was substantial and oversubscribed.We believe Xunison can become a major global business and the capabilities of their hardware and software platform extend beyond anything weve seen on the market, added Higgins.Founded in 2016, Xunison aims to become a leading comprehensive broadband and home service provider for the telecom and ISP market.The company provides cloud-based management platforms, consumer applications, smart devices and other connected services that can be customized for customers.It won a gold award at the National Startup Awards last year under the category of emerging technology start-ups.Xunison CEO and co-founder Ryan ODonovan said the seed funding level exceeded our expectations and capacity.We were humbled by the level of interest that was expressed in this round, said ODonovan. As a result of this funding, 2022 will see Xunison cement our brand presence and effectively communicate the organizations exceptional capabilities to a global audience.Xunison has plans to expand into multiple markets worldwide and aims to attend major trade shows in Europe, the Middle East and North Africa.In Europe, the company aims to expand its sales team to enhance its marketing capabilities and aims to sign five communication service providers over the next two years.Xunison also aims to strengthen its position in the Middle East following its STC partnership by expanding its local presence and expanding its sales team.He said he is in talks with major US telecommunications companies about possible commercial deals. The start-up has already set up a US office to boost its marketing, sales and customer support operations.We are delighted to be working to support a very talented and capable management team and we are keen to support them with value creation as they grow internationally, said Higgins.10 things you need to know straight to your inbox every weekday. Register for Daily summarySilicon Republics roundup of essential tech news.