Mobileum Receives Grant from EU to Expand Risk Management Platform 5G Capabilities

Mobileum announced that it has been awarded a USD 2.1M (€1.8 million) R&D investment grant by the European Union to expand RAID risk management platform 5G capabilities, enhancing its capacity to scale revenue assurance, fraud management and network security programs as Telecom operators roll out 5G and advance their digital transformation agenda.

As part of the project, Mobileum will partner with INESC TEC (Institute for Systems and Computers Engineering, Technology and Science), The University of Coimbra, and Carnegie Mellon University.  The project was selected as part of the Go Portugal - Global Science and technology partnership Portugal initiative, within the scope of the CMU Portugal Program. The European Union will be funding this project through the North Portugal Regional Operational Program, the COMPETE 2020, the Foundation for Science and Technology (FCT), partner companies and the Carnegie Mellon University, in the frame of the CMU Portugal Program.

Mobileum’s RAID is an end-to-end telecom risk management solution that enables data collection, event monitoring and notification, discovery of patterns and trends, and corrective and preventive actions for telecommunications service providers around the globe. Designed to guarantee revenue, to improve business performance and to prevent fraud threats, RAID enables service providers to manage traditional communication services, such as voice and data, as well as the next generation of services brought by 5G and IoT. RAID is part of Mobileum’s broader Active Intelligence platform, which is the leading data analytics, AI-driven platform for the telecommunications industry. RAID is built on a cloud and micro-services architecture to provide unrivalled elasticity, scalability, and cost efficiency.