The undisclosed investment sum will be used to fund ongoing development of the Atto5GC 5G Standalone Core and AttoEPC 4G Evolved Packet Core, whilst further enhancing AttoCore's ability to address key markets, including private networks in Europe and the USA.
AttoCore is also planning to increase its headcount.
Commenting on the investment, David Neil, AttoCore CEO said: “The growing interest in non-public networks creates a significant opportunity for AttoCore’s scalable and flexible 4G and 5G core network solutions. We are very grateful to LICC for their support, enabling us to rapidly bring to market and further enhance Atto5GC.
"Atto5GC provides systems integrators with a 5G Standalone Core, suitable for enterprise use and differentiated from the large vendors by flexibility, scalability, performance and price," Neil added.
AttoCore has already supplied its product into non-public networks, a number of which will be the subject of further announcements in the coming weeks.
In addition to the financial support from LICC,it has partnered with ng-voice GmbH, the supplier of fully containerised (Kubernetes), cloud native 3GPP compliant, IP-Multimedia, with a minimized resource footprint. As part of this partnership, Dr. David Bachmann, CEO of ng-voice, will join the AttoCore Board of Directors.
LICC is an investment vehicle managed by Lansdowne Partners Austria GmbH (LPA), which is an Austrian alternative investment fund manager with a focus on investing in and fostering European innovation. LPA is part of the Lansdowne Partners group of companies.
