Dutch investment firm Lexar Partners has put up an undisclosed sum for GNX, a Netherlands-based provider of connectivity and digital transformation services.
GNX says the funding should allow it to expand its "dynamic connectivity" platform, LARA, which promises a single billing structure for enterprise wide-area networks (WAN).
WAN is used to bind enterprise IT through a single connectivity standard that works across office locations, data centres and international borders.
Around 3,000 connectivity carriers active around the world can be accessed through LARA, including various connectivity modes, such as 4G, 5G and point-to-point connectivity, as well as dedicated enterprise bandwidth.
Post fund raise, GNX is increasing its capital budget for product development, services, sales and marketing.
Co-founder and CTO Rick Mur commented: "Having Lexar Partners as our lead investor will allow us to accelerate the development and roll-out of our digital platform called LARA®, which will be a driving force for GNX in the growing market of global internet access, private connectivity and cloud integration services."
Lexar Partners founding partner, Sander van Woerden, added "GNX is at the forefront of digitising the global connectivity market.
"Their expert team has a proven track record of delivering high-quality solutions to customers and we are thrilled to be a part of their exciting growth story."
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