May 21, 2022

Low-latency 5G LAN provider Celona raises $60M in Series C

The private mobile network operator Celone inc. announcement today, it raised $60 million in a new funding round to expand its fully integrated 5G LAN system for businesses.

Today’s Series C was led by Digital Bridge, with participation from existing investors including Lightspeed Venture Partners, Norwest Venture Partners, NTTVC, Qualcomm Ventures and Matterhorn Ventures. The funding brings its total amount raised to date to $100 million.

Celona has created a 5G LAN system that can deliver low-latency, deterministic 5G connectivity for mission-critical edge applications that require sub-second response times. Think of applications such as autonomous mobile robots or mixed reality headsets, for example. The system is designed to accelerate the adoption of digital automation initiatives in enterprises by bridging the gap between 5G and existing information technology networks and industrial “Internet of Things” infrastructure.

The system is built on that of Celona Business without borders architecture, which uses a cloud-native network operating system that provides policy-based routing, quality of service, and security segmentation. The architecture also leverages Celona’s proprietary MicroSlicing technology to enable advanced network slicing that can ensure key service levels and consistent application delivery.

Additional features offered by Celona include network and policy automation for complex deployments, secure network segmentation of devices and applications tied to corporate policies, and direct integration with existing enterprise backbone networks. business, avoiding the need for a separate cabling infrastructure to support 5G.

Since launching its 5G LAN system in November 2020, Celona has partnered with several enterprises, managed service providers and mobile network operators to provide them with low latency and high bandwidth connectivity. Last August, for example, it partnered with Japanese company Nippon Telegraph and Telephone Corp., powering its P5G wireless offering that provides cloud-native network connectivity to large enterprises. He also works with major companies such as Tesla Motors Inc., Walmart Inc., Standard Steel LLC and BMW AG, to name a few.

“This latest round of funding clearly confirms our belief that bringing 5G cellular wireless technology to the enterprise creates an entirely new model for building enterprise networks,” said the co-founder and CEO of Celona, ​​Rajeev Shah.

Celona said it will use today’s round of funding to accelerate its global expansion and growth, and fund its ongoing research and development efforts.

Digital Bridge CEO Marc Ganzi said he invested in Celona because he believes its technology will reshape the future of enterprise networks. “The company’s products and technology are poised to have a transformative impact on the entire industry,” he said.

Picture: rawpixel/freepix

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