Continual a Leader in Mobility Analytics – Goes Public!
Posted by Ben Steven
Continual, a Momenta portfolio company, has announced that it went public on the Tel Aviv stock exchange with the ticker symbol CNTL.
The IPO is led by More Investment House and Phoenix Holdings and is valued at NIS 60 million. Post-offering, the company hopes to raise NIS 20 million.
Continualprovides a unique set of tools for mobile network providers and connected car manufacturers to analyze and improve the connected journey experience. The company is a leading provider of connected car and mobility analytics. The technology provides real-time insights into the quality and performance of mobile networks along traffic routes. Continual’s technology effectively turns every subscriber and connected vehicle into a “test vehicle” that continuously monitors service and network quality.
Until recently, there was no cost-effective way to map and optimize network quality across transportation routes. Historically, roadways were scanned by test vehicles assessing networks only on a periodic basis, rather than continuously. In Germany, for example, just 10% of roads are monitored by driving test cars, and even then, only at random.
This type of data will be critical in the future for smooth connectivity for connected and autonomous vehicles. Continual has agreements with major network operators throughout the world, including Vodafone in Europe, OI in Brazil, Cellcom in Israel, and one of the largest in the United States.
Continual has raised financing through an initial public offering (IPO) to sustain strong growth in the mobile operator and connected automobile industries. With the additional funds, the company plans to more than double its personnel size in the next 12 months.
Momenta continues as a proud investor since 2019 and extends congratulations to the Continual team on accomplishing yet another significant milestone.
Continual provides Connected Car manufacturers and mobile network operators with a unique toolset for analyzing and improving the connected journey experience. Continual analyzes voice and data usage patterns for all subscribers, 24/7, flagging adverse network experiences that affect subscribers and connected vehicles. Using AI and advanced Machine Learning, it correlates all the important parameters and establishes the impact of these experiences on subscribers. Groundbreaking pattern recognition technology gives visibility into user experience profiles along travel routes, providing vital information to network operators and to businesses serving the Connected Car markets. Continual is headquartered in Caesarea, Israel. For more information, please visit https://www.continualexperience.com.
Momenta is the leading Digital Industry venture capital firm accelerating digital and deep tech innovators across energy, manufacturing, smart spaces, and supply chain. For nearly a decade, our team of deep industry operators has helped scale Digital Industry leaders, providing funding and value-creation in conjunction with our award-winning executive search and strategic advisory practices.