Saguna Networks, a Yokneam, Israel-based Mobile Edge Computing (MEC) platform, closed a $5m financing.
The round was led by CE Ventures with participation from existing shareholders.
The company will use the funds to expand its MEC offering and global market presence.
Led by Lior Fite, CEO, Saguna Networks provides mobile operators with a platform to improve user experience by bringing distributed cloud-computing into the Radio Access Network (RAN). With the solution, which features virtualized, scalable architecture adding value to 4G networks, 5G and HetNets, mobile operators can deploy new revenue generating services for content delivery, Internet of Things (IoT), retail and enterprise applications.