Connect44 Group makes a strategic investment in MYX, аn AI-powered digital twin technology start-up

Deniza Cristian 18/07/2022 | 12:09

Connect44 Group’s key aim is to develop state-of-the-art services for its customers across Europe. As part of the company’s ongoing efforts to invest in cutting-edge technological solutions, the Connect44 Group has undertaken a strategic equity investment in MYX AD as part of the company’s latest funding round. MYX is a Bulgaria-based technology start-up developing digital twin solutions for the management of large-scale asset networks, with a particular focus on the telecom industry.

 

The new venture has signed up major clients already, providing solutions to entities across all verticals within the telecom sector and beyond, including mobile operators, tower companies, and system integrators.

A digital twin solution with a powerful tool for digital asset management

The AI-powered digital twin platform developed by MYX offers a wide array of benefits to businesses across any industry which focuses on managing complex asset networks, including infrastructure, renewables, mining, real estate, and electricity transmission, amongst others.

Within the telecom sector, the digital twin solution can support clients in a wide spectrum of activities, including end-to-end site design & rollout, inventory check & updates, EMF & ICNIRP compliance checks, and structural analysis. Moreover, the platform can generate accurate BIM models, enabling holistic management of a client’s network automatically and significantly reducing the time required to produce key outputs.

“Ever since we founded the Connect44 Group over 20 years ago, we were always on a mission to deliver best-in-class services to our customers and potential customers. Besides the wonderful dedication of our team, we also relied on strategic investments in tech companies like MYX that innovate and develop state-of-the-art solutions which can bring added value to us as a company, but also to our partners”, said Leo Kidel, Connect44 Co-founder and MYX Board Director.

Investment propelling expansion within the telecom industry

MYX’s latest investment round led by Connect44 will provide the company with necessary resources in order to further expand within the telecom sector and continue capturing strategic clients in key markets.

“The capital raised in our latest investment round will be deployed in order to further consolidate our position as the market-leading provider of end-to-end digital twin solutions within the telecom sector. Leveraging Connect44’s network and combining that with strategic investments in establishing on-the-ground presence in key markets and further developing our solution will ensure that we stay ahead of the curve and continue delivering cutting-edge technology to our clients”, explained Yavor Mihailov, MYX’s Co-founder & CEO.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Deniza Cristian | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue