Mavenir – a Network Software Provider building the future of networks with cloud-native solutions that run on any cloud – recently announced the closing of a $100 million capital raise following a successful $250 million fundraise in 2022.
This funding round supports Mavenir’s innovation-focused strategy, enabling the digitization of telco networks with cloud-native applications that include IMS, Converged Packet Core, and Open RAN.
The funding round was anchored by Siris, a leading technology-focused private equity firm and Mavenir’s largest equity holder, along with investment from 2 highly strategic ecosystem partners.
Known as one of the industry’s only end-to-end cloud-native network software providers, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for over 250 Communications Service Providers in over 120 countries and serving over 50% of the world’s subscribers.
KEY QUOTES:
“This new capital will allow us to accelerate our capabilities in automation, sustainability, and use of AI as we enable our customers to efficiently deploy and operate Open RAN-based end-to-end cloud-native networks. Our unique strategy incorporates best practices from the hyper-scale, cloud, and IT industries, to transform how the world connects and builds the future of networks.”
- Pardeep Kohli, President and CEO of Mavenir
“Importantly, this investment enables Mavenir to further scale its business and maintain its leadership in Open RAN and 5G transformation. We firmly believe in the automated networks of the future that are cloud-native, AI-native and Green-native, and we are confident that Mavenir’s innovations are essential in driving that evolution.”
- Hubert de Pesquidoux, a Siris Executive Partner and Executive Chairman of Mavenir
