- Dedicated networking platform provider Celona announced it closed $10 million in Series A funding
Celona — the first dedicated networking platform provider that is bridging the divide between 5G and enterprise infrastructures — announced that it closed $10 million in Series A funding. This round of funding will be used for accelerating the development of its end-to-end solution architecture and support initial customer deployments.
“Celona was founded on the principle that a modern technology stack powered by cloud software can make cellular wireless accessible to enterprises,” said Celona CEO Rajeev Shah in a statement. “We will deliver a network service edge to ensure guaranteed service levels for business critical applications, and an AI-powered cloud platform to automate network operations. With Celona, enterprise IT and OT teams will be able to adopt a new generation of network dependent apps and take the initial steps in getting ready for the use of 5G within their organization.”
In a number of industries, investments into digital transformation projects are poised to accelerate with the arrival of 5G. There is an increasing demand in the enterprise for the unprecedented wireless coverage and reliability that 5G delivers. And Celona will significantly simplify the adoption of cellular wireless by enterprises through its end-to-end solution architecture powered by cloud software.
Celona’s integrated product offer prevents the need to purchase, install, and operate multiple disparate products and enables the level of agility in innovation that enterprises are looking for. And it also enables service providers to improve their enterprise friendly business and go-to-market models and start planning a migration towards converged 5G wireless services at the edge.
“We’re proud to back the Celona team, who bring exceptional experience with the right skills to lead the enterprise 5G networking space at such a pivotal time,” added Matthew Howard, a general partner at Norwest Venture Partners. “The combination of 5G and CBRS will create tremendous opportunity for innovation and Celona is uniquely positioned to guide IT organizations and service providers through this new era of digital transformation.”
In order to enable the next-generation of edge computing and AI driven experiences in the enterprise, Celona’s unique intellectual property lies in its ability to deliver wireless connectivity to apps that demand ultra-low latency communications and highest levels of availability. And with Citizens Broadband Radio Service (CBRS), it is also now possible to enable dedicated clean spectrum usage within the enterprise boundaries further improving reliability metrics for wireless connectivity en route to deliver guaranteed service levels.
“Celona is at the forefront of the next generation wireless revolution. Looking forward, Celona’s AI-powered platform will enable all sorts of new enterprise applications,” explained Arif Janmohamed, a partner at Lightspeed Venture Partners. “This incredibly talented team is rethinking the paradigm for how enterprise developers will work with the network.”
