Saguna Networks, a Yokneam, Israel-based provider of a Mobile Edge Computing platform, closed a financing round of undisclosed amount.
The round was led by SoftBank Ventures Korea Corp. (SBVK) and Akamai Technologies (NASDAQ: AKAM) with participation from existing investors. As part of the investment, SBVK’s Venture Partner, Ben Weiss, will join Saguna’s board as an Observer.
The company intends to use the funds to expand its presence in North America, Asia and Europe as well as accelerate product development.
Founded in 2008 and led by Lior Fite, CEO, Saguna provides mobile operators with an open cloud computing platform to improve user experience, monetization and network economics by bringing internet content and applications into the Radio Access Network (RAN). The Saguna CODS Mobile Edge Computing platform creates direct fast-track connections between internet content providers and web applications to mobile users and promotes network-aware content optimization with real-time feedback.