SEVILLE, Spain, May 25, 2022 /PRNewswire/ — Galgus, a Spanish company specializing in the development of a WiFi technology which optimizes network performance and provides advanced geolocation analytics, accelerates its growth by increasing 4 million euros in financing.
Galgus’ core technology is deployed in many different locations. From planes and trains to football stadiums, shopping centers, hotels, schools, convention and business centers, or rural areas, among others.
Due to their innovative solutions and the great success that Galgus has demonstrated globally, their previous major investors Capital GED, Mundi Ventures and GoHub Ventures, trust again and financially support the company and its expansion projects.
The 4 million investment round is an installment of a larger round that the company expects to close by the end of 2022. The funds will be used to finance and accelerate their international expansion initiatives as well as to respond positively to the strong demand that Galgus is receiving from key markets such as North America.
Galgus has already made significant progress towards becoming a European benchmark for WiFi technology, with major projects in countries like UK, Italyand Spain. Conclusion of partnership agreements with major telecommunications companies, such as Netoip, Around People, Telefónica, Cellnex, Wavesight and Icomera.
With its headquarters at EuropeGalgus has offices in Latin America (Colombia and Peru), and United States (Boston).
“The digital transformation opens up new opportunities where high-quality WiFi connectivity is in high demand. Thanks to these funds, we will be able to capture a high volume of business internationally which will position us as a global reference in the sector. Thanks to our 9 patents, we have a clear competitive advantage, especially in geolocation analytics, well ahead of market-leading brands. We will leverage this new funding to accelerate our international expansion.”underlines José González, CEO of Galgus.
This milestone is a great recognition of the achievements of Galgus, which has already resulted in 9 international patents and proprietary technology (Cognitive Hotspot Technology) that optimizes the performance of WiFi networks through the application of AI.
Galgus also offers Location Analytics technology, recognized by Gartner for its disruptive potential. With device counting capabilities and highly accurate motion patterns, this provides the business intelligence needed to optimize the user experience.