Kirkland, Wash.-based startup Spectrum Effect, which sells artificial intelligence-based network interference mitigation software for mobile networks, landed $1.9 million in fresh cash.
- Founded in 2015, the startup helps customers analyze mobile network data and mitigate interference from product information management (PIM), faulty radio equipment, cross border, radio access network (RAN), and other sources.
- The company is led by Charles Immendorf, a telecom vet who previously led Seattle-area wireless network startup Eden Rock Communications, which sold to Nokia in 2015. Many of Eden Rock’s investors are also behind Spectrum.
- The startup said it has 16 customers globally and is on track to meet its target of $20 million in annual recurring revenue in 2024. It has 60 employees, up from 40 when the company raised $9.5 million in funding in 2021.
- The funding round was led by a group of mainly Seattle-based angel investors. Joseph Landy, the former co-CEO at Warburg Pincus, is a backer.
