Cradlepoint Raises $48M

cradlepoint_logoCradlepoint, a Boise, Idaho-based provider of 4G LTE networking solutions for distributed enterprises, closed a Series B round of $48m growth equity funding.

The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group. In conjunction with the funding, Sorenson Capital Managing Director LeGrand Lewis and Co-Founder and Managing Director Ron Mika will join Cradlepoint’s Board of Directors.

The proceeds will be used to accelerate its international expansion and development of cloud-managed Wireless Wide Area Networks (WWAN) and security solutions.

Led by George Mulhern, chairman and CEO, Cradlepoint provides cloud-managed 4G LTE networking solutions, including WWAN and Security solutions, to distributed enterprises. The company specializes in Business Continuity, M2M/IoT applications, Application Specific or Parallel Networking and Transportation networking.



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