Tarana Wireless, Inc., a Milpitas, Calif.-based platform delivering fiber-class internet service, raised $170m at a $1 billion valuation.
The round was co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab with participation from Michigan State Pension Fund, I Squared Capital, and two other institutional investors.
Led by CEO Basil Alwan, Tarana Wireless provides a platform (G1) which leverages multidimensional optimization of radio signals, achieved through $300M of dedicated R&D investment in ground-up algorithm development and design of custom ASICs to deliver an advance in FWA network economics, addressing service providers’ challenges in both mainstream broadband and underserved markets, using unlicensed spectrum.
After commercial launch in late 2021 of G1, the company is on track to deliver over $100 million of revenue in 2022, from a customer base that has grown to more than 120 service providers. Early adopters include large, established telecom service providers such as MTN, BT, and Liberty; new entrants on the broadband scene (not yet public); and a number of innovative wireless internet service providers including Wisper Internet, Redzone, and Resound Networks.
Tarana is headquartered in Milpitas, California, with additional research and development in Pune, India.
FinSMEs
23/03/2022