Pente Networks, a Petach Tikva, Israel-developer of IT-friendly private enterprise LTE/5G solutions for service providers and end customers, raised $10m in Series A funding.
The round was led by INcapital Ventures, with participation from other private investors including existing investor Magma Ventures and Global Brain.
Established in 2015, Pente provides an enterprise grade LTE/5G Mobile Core & Management Platform. With deep knowledge of telecom and enterprise solutions and experience in building networks and business applications for dozens of enterprises and mobile operators, the company has a growing partner ecosystem with leading system integrators, service providers, and equipment manufacturers focused on delivering end-to-end, wireless communications solutions to enterprises.
The new capital follows a seed round and brings Pente’s total investment to date to over $15 million. The company also announced it has established a North American headquarters in Hackensack, New Jersey, U.S.A., and is expanding its original headquarters in Israel.
Avi Cohen has joined the company as Chief Executive Officer, after co-founding and driving the growth of LiveU, where he most recently served as Chief Operating Officer. Jonathan Schwartz has been named Chief Technical Officer, a role he has been playing since the inception of the company, Roy Timor-Rousso has been named Chief Marketing Officer, driving many of the company’s strategies in the Americas, including Latin America, as well as in Europe, Asia, and other regions.
Working with MVNOs, WISPs, MSPs and SIs, Pente has been augmenting and replacing traditional enterprise networks with simplified, ultra-fast and ultra-secure wireless broadband solutions, including CBRS, as the use of unlicensed spectrum becomes more readily available.
Pente will continue to expand its core technology dev team in Israel, while focusing on strategy, business development, customer success, sales, and marketing in the U.S., given its successes in the North American region.
The company is actively recruiting talented sales, pre-sales engineering, customer success, and marketing professionals based in the U.S., while also deepening its ecosystem of technology, integration, and sales channel partners.
FinSMEs
21/09/2022