Clear Blockchain Technologies LTD

Clear Blockchain Technologies LTD is a telecommunications technology firm that automates inter-carrier transactions and enhances operational efficiency through innovative solutions. Clear Blockchain Technologies LTD was founded in 2018 and is headquartered in Singapore. The company focuses on automating commerce within the telecommunications sector. The founder and CEO, Gal Tal-Hochberg, has a history of involvement in technology-driven ventures.

In July 2019, Clear Blockchain Technologies raised USD 13. 53 mn in Series A funding led by Eight Roads Ventures, with participation from PCCW, Singtel Innov8, and Telefónica. The company has raised a total of USD 13. 53 mn to date, yielding a post-money valuation of USD 38.

88 mn. ClearX specializes in innovative solutions for the telecommunications industry, particularly through the Open Gateway Initiative (OGi) and Data Services for Fixed Lines (DS). These products enhance operational efficiency and streamline inter-carrier transactions, allowing telecom operators to automate essential processes. Key clients include major carriers such as Deutsche Telekom, Vodafone, and Colt, emphasizing ClearX's role in transforming traditional operations into automated workflows.

In 2022, ClearX reported revenue of USD 880,406 and an EBITDA of USD -3,168,818. The company generates revenue primarily through business-to-business transactions, focusing on service agreements that encompass a range of services aimed at optimizing financial transactions for telecom operators. Clear Blockchain Technologies LTD is focused on expanding its product offerings and market reach. They are developing new features within their existing products and plan to enhance their presence within the European telecom market by targeting new clients and partnerships in the region.

The recent Series A funding will be utilized to support these initiatives, particularly in scaling their technology and enhancing service delivery. The funding round on July 18, 2019, positioned the company to leverage its valuation of USD 38. 88 mn to drive growth and development.