Celona, Inc., a Boca Raton, Fla.-based enterprise networking company bridging the gap between LTE/5G cellular wireless and enterprise IT infrastructure, raised $60m in Series C funding.
The round, which brings total capital investment to date to over $100m, was led by DigitalBridge Group, Inc. (NYSE: DBRG) via DigitalBridge Ventures with participation from existing investors including NTTVC (Celona’s Series B lead investor), Lightspeed Venture Partners, Norwest Venture Partners, Qualcomm Ventures and Cervin Ventures.
Led by Rajeev Shah, Co-Founder and CEO, Celona accelerates the adoption for business-critical apps in the enterprise by taking advantage of the Citizens Broadband Radio Service (CBRS) spectrum. The solution architecture is designed to automate deployment of cellular wireless by enterprise IT organizations and managed service providers, and simplify its integration with an existing enterprise IT infrastructure.
In November 2020, the company launched its fully-integrated 5G LAN platform, purpose-built to help organizations easily deploy, operate and integrate a 5G cellular network within existing infrastructures. Earlier this month, Celona and Verizon Business launched a partnership to provide turn-key private networking solutions that will accelerate enterprise 5G adoption across a wide variety of use cases for the company’s technology, including factory automation, distance learning, real-time inventory management, and supply chain logistics, among many others.
FinSMEs
28/03/2022