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Freedomfi Raises $9.5 Million From Blueyard Capital, Qualcomm Ventures And Samsungnext To Build A Web 3.0 Platform For Crowd-Sourced 5G Networks

Mar 15, 2022•over 3 years ago

Amount Raised

$9.5 Million

Boulder

Description

FreedomFi, the open 5G company, today announced that it closed a $9.5 million Series A funding round from Blueyard Capital, Qualcomm Ventures, and SamsungNext. FreedomFi software makes it possible to use cryptocurrency as an incentive for crowdsourcing deployments of 5G small cell networks. The company aims to use the funds to accelerate development of its software and forge new partnerships with telecom equipment manufacturers, operators, and other ecosystem players.

Company Information

Company

Freedom Fi

Location

Boulder, Colorado, United States

About

The company aims to use the funds to accelerate development of its software and forge new partnerships with telecom equipment manufacturers, operators, and other ecosystem players. Since then, the company has also partnered with one of the top small cell manufacturers - Baicells, certifying a lineup of Baicells small cell products for plug-and-play compatibility with FreedomFi software. FreedomFi was founded by open source software veterans and contributes most of the software code it builds to the open source project Magma, governed by the Linux Foundation.