Affirmed Networks, an Acton, MA-based virtualized mobile networks company, raised $38m in its latest funding.
This strategic round was led by Centerview Capital Technology with participation from Qualcomm Ventures, Eastward Capital Partners as well as existing investors.
The company intends to use the funds to continue to invest in new products and grow its customer base around the globe.
Led by Dr. Hassan Ahmed, President and CEO, Affirmed specializes in virtualized and cloud-native network solutions that allow mobile network operators (MNOs) to create, monetize and deliver 5G-styled services. Its flagship product, a fully virtualized and cloud-native Evolved Packet Core (EPC) platform, is deployed in many of the world’s largest MNOs, with trials with multiple operators. This includes 5G trials in several countries.
The company currently has more than 100 customers around the world, including many Tier 1 and Tier 2 mobile service providers.