Federated Wireless, an Arlington, VA-based shared spectrum and CBRS technology provider, raised $58M in Series D funding.
The round was led by Cerberus Capital Management with participation from existing investors Allied Minds (LSE: ALM) and GIC, Singapore’s sovereign wealth fund.
The company intends to use the funds to scale platform and support further investments in its capabilities and partnerships.
Founded in 2012 by CEO Iyad Tarazi, Federated Wireless is a nationwide leader in enabling, commercializing, and driving adoption of shared spectrum. Shared spectrum, also known as CBRS, is an innovative technology that delivers the best attributes of traditional wireless and Wi-Fi, with lower fixed cost, higher quality, and greater efficiency and scale.
With more than 350 customers and over 85,000 connected devices across the United States and territories, the company serves a customer base spanning defense, government, manufacturing, telecommunications, utilities, real estate, and education, with a wide range of use cases ranging from network densification and mobile offload to private wireless and industrial IoT. Noteworthy customers include Charter, Comcast, Verizon, the US Department of Defense, Carnegie Mellon University, and others.
Federated Wireless also made key appointments to the company’s leadership team and Board.
- Dr. Shaygan Kheradpir joins the Federated Wireless Board, bringing senior C-level experience from industry giants such as Verizon, Barclays, Juniper, and Coriant, where he served as CEO and Chairman
- Industry veteran Chris Swan joins as Chief Commercial Officer to drive record growth with leadership over sales, marketing, and customer care.
- Strategic operations and finance executive Loren Buck joins as Chief Financial Officer, accountable for capital raising, strategic investments, financial planning, and cash management.