Altiostar, a Tewksbury, MA-based open virtualized RAN (open vRAN) technology platform, closed a $114m Series C financing.
Backers included Rakuten (as we antipated in February 2019), which joined Qualcomm Ventures and Tech Mahindra.
The company intends to use the funds to expand its solution.
Led by Ashraf M. Dahod, president and chief executive officer, Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates the hardware from the software to build an open multi-vendor web-scale network. This solution supports macro and small cells, indoor and outdoor, enabling interference management, carrier aggregation and dual reception to improve the efficiency of the network and enhances the Quality of Experience for the user while providing broadband speeds.
Operators can add intelligence, adapt the software for different services and automate operations to scale the network.