Mobile network measuring service OpenSignal has raised $8m (拢5.6m) in Series B聽funding from Octopus Ventures.
The London-based company will use the raise, reported in TechCrunch, to expand its team and products.
Founded in 2010, OpenSignal was also bolstered by previous backers Passion Capital, Qualcomm Ventures and O鈥橰eilly AlphaTech Ventures.
The company taps sensors from a 100 million-strong smartphone network in order to report on mobile network speeds, collecting billions of data points in over 200 countries.
It聽reportedly provides services to telephone companies in more than 20 countries which聽allows聽its team聽to聽analyse average speed and reliability聽from network types聽– including聽2G, 3G, and 4G – which includes regulators, financial and industry analysts.
鈥淲e now have a lot of data and we see this round as helping us build out more analytics on top of the data,鈥� CEO and co-founder Bredan Gill told TechCrunch.
鈥淭he good thing for us is that we鈥檝e taken a strong stance on privacy. We don鈥檛 know who our users are, and we don鈥檛 share anything with third parties or tracking organizations.鈥�
According to聽PitchBook, the company’s $4m Series A round three years ago valued the company at聽around $15.5m post-money.
OpenSignal also has offices in California, Mexico and Singapore.