Friday, November 22, 2024
HomeFunding LabLabee Secures $3.4Million in Seed Funding

[Funding news] LabLabee Secures $3.4Million in Seed Funding

LabLabee, the pioneering platform for hands-on training in telecom networks of the future, is thrilled to announce secures $3.4million in seed funding

LabLabee, the pioneering platform for hands-on training in telecom networks of the future, is thrilled to announce secures $3.4million in seed funding

This round was led by Reach Capital and supported by Classera, along with existing investors Brighteye Ventures and e& capital. Notable business angels such as Cedric Sellin (Investor & Advisor in Tech) and Mohammed Husamaddin (VP of Business Development at Naseej) also joined the funding round.

This milestone marks a significant step in LabLabee’s mission to democratise future network technologies by providing immersive, accessible, and affordable hands-on training to empower professionals worldwide with the skills they need to excel in the rapidly evolving tech landscape.

Solving the Global Telco Skills Gap Through Hands-on Training, LabLabee, co-founded by Samir Tahraoui and Mahfoud Sidi Ali Mebarek, is the world’s first training platform focused on providing hands-on learning experiences in cutting-edge technologies in Telco, Telco Cloud, Private Cloud, Industry 4.0 and Networking.

Esteban Sosnik, General Partner and Co-Founder at Reach Capital said, “New technologies like 5G, IoT and cloud computing are transforming how telecommunication services are developed, deployed and managed. As such, both Telcos and the industry at large require skilled professionals who can support the networks of the future, LabLabee was born from Samir’s own frustrating experience in Telecom, both as an engineer and a trainer. He, Mahfoud and the team bring the ideal blend of deep technical experience and industry knowledge to help workers upskill, reskill and thrive in this critical sector. We could not be more excited to back LabLabee.”

The telecommunications industry (more than $1.8T market) is undergoing rapid transformation, marked by the emergence of new players such as hyperscalers, including Microsoft with its acquisition of Metaswitch and Affirmed Networks, and AWS with its 5G private deployment with Dish. Industrial giants like Nestle, Aramco, and ASN are also deploying private 5G networks, signalling a significant shift in the market landscape.

Read also – [Funding News] Angel Kids AI Secures $1.1 Million in Seed Extension

LabLabee addresses this gap by offering industry specific, on demand and affordable practice labs, in specific technologies like 5G, IMS, OpenStack, GitOps, CI/CD, Docker, and Kubernetes, that allow learners to master complex concepts and gain the confidence to apply these skills in their daily work. This ensures professionals gain the practical skills they need to implement cloud or AI on telco and network infrastructures in a rapidly evolving tech landscape. The company works with telecom operators, vendors, industrial companies, software firms, system integrators, universities, and many others to integrate hands-on practical exercises into their training programs while drastically reducing costs.

Samir Tahraoui, CEO of LabLabee stated: “Future networks are more open and constantly evolving according to businesses needs. While deploying such technologies, Telco, SI, and Industrial engineers constantly face the challenge of learning new technologies, architectures, and to maintain a wide range of skills. LabLabee’s benefit is to make learning easier, faster and field ready.”

Over the last year, LabLabee has onboarded numerous companies including Deutsche Telekom, Orange Group, Ooredoo, ASN, Axian Group, STC Solutions, Andorra Telecom and Cetin, and partnered with major vendors such as Juniper, Windriver and Amarisoft.

LabLabee’s Vision and Objectives

With the successful completion of the Seed round, LabLabee is focused on achieving several key milestones in the coming months. These objectives include establishing a leadership position in the EMEA market, accelerating their expansion into the US market through hyperscalers partners such as AWS, Azure and GCP, and broadening their product portfolio with new hands-on training labs including VMware, Redhat and Windriver.

Another major focus is enhancing the learning experience with new immersive features, including an end-to-end sandbox learning environment where users can learn, practice, and test within the same platform. Additionally, they plan to extend the course catalogue with new verticals related to Industry 4.0, Telco Security, Telco AI, and Edge Computing.

LabLabee also plans to expand their international team with top talent in engineering, sales, and customer support to maintain their high standards of quality and service. This expansion will help them better serve their growing user base and continue delivering exceptional training experiences.

About LabLabee

LabLabee is an Edtech company providing hands-on learning experiences in future network technologies. With a strong focus on cutting-edge technologies in Telco, Telco Cloud, Enterprise, Industry 4.0 and Networking, they are revolutionizing the world of telecommunications through innovative virtual hands-on training labs. Their mission is to equip aspiring telecom professionals with the knowledge, skills and practical expertise needed to excel in this dynamic industry.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular