London-based technology start-up Augnet Limited set to revolutionise the SMS and messaging space has announced that Triple Point Venture Fund has led a £1.3M investment into the company.
Triple Point invests in Augnet alongside a number of industry experts and investors.
Augnet has developed a unique technology that enables SMS messages to be tracked and ensures a 100% delivery rate through a patent-protected, encrypted solution.
This means that for the first time, it will be possible to audit and trace SMS delivery historically and in real-time, enabling the growing number of ‘killed’ messages – those that are not actually sent to users in order to increase operator profit margins – to be tracked.
Augnet’s technology facilitates the delivery of SMS messages from consumer-focused organisations to reduce fraud, increase accountability and improve SMS marketing features. The company caters to an established network of organisations, from financial institutions to booking sites and airlines.
Daniel Gill, CEO and
Article source: https://www.uktech.news/news/tech-start-up-augnet-receives-1-3m-investment-20190605
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