Quantela, a Smart City Automation and AI Leader, Announces a $10m Equity Investment From Digital Alpha to Scale its Global Business

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Digital Alpha will also fund innovative revenue-sharing financing for key public sector customers around the world
(Logo: https://mma.prnewswire.com/media/781731/Quantela_Logo.jpg )
We are excited for the next phase of growth into the US and Europe markets. We firmly believe that with mutual synergies with Digital Alpha, we can disrupt the way digital services are designed and deployed in cities and communities."
Digital Alpha enjoys a strategic relationship with Cisco and as a part of its charter has had a focus on IoT and smart cities. One of the segments Digital Alpha and Cisco are looking to pursue is in large-scale data center solutions, aimed at building in-country, sovereign cloud environments. With our investment into Quantela, we can shape new product lines that are pre-packaged with Cisco's data center offering, which can then be offered to cities with innovative financing options that are otherwise not available in the market. We are pleased to partner with an already-successful company that has tremendous potential to scale and define the smart city market for decades to come."

On the investment, Amr Salem, Head of Global Public Sector, Cisco, said: "Cisco is recognized as a leader in the development of smart cities for our ability to bring together technology, innovation, strategic thought leadership, and a powerful ecosystem of partners. Quantela will package their solutions with Cisco's data center solutions and the Cisco Kinetic for Cities platform into a unique, single service offering. Digital Alpha's investment will undoubtedly open new avenues for Cisco and Quantela to scale our joint proposition to cities and communities."

About Digital Alpha
Digital Alpha is an investment firm focused on digital infrastructure and services required by the digital economy, with a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco's pipeline of commercial opportunities requiring equity financing. Digital Alpha believes that it is the first fund focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next generation broadband networks, and enterprise data management and communication solutions. http://www.digitalalpha.net