Mavenir Raises $100M To Build More Ai Into Its Cloud-Based Automated Network Technology For Telecoms Services
Mavenir Raises $100M To Build More Ai Into Its Cloud-Based Automated Network Technology For Telecoms Services
05/02/23, 2:28 PM
Location
richardsonMoney raised
$100 million
Investors
Xura, Mitel, Siri, Pendrell, Koch, Mavenir, Siris
One of the bigger trends in telecoms has been the evolution of cloud computing and how software operating in the cloud is being used by carriers to build out and manage their networks — moves disrupting traditional business models based around the purchasing and deployment of costly telecoms routers, switches and other costly physical equipment. Today, Mavenir — one of the hopefuls in that space, with a focus on Open Radio Access Networks and related services for 5G networks — is announcing $100 million in funding to expand its technology and its customer base.
Company Info
Location
richardson, nebraska, united states
Additional Info
Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry’s only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com
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1 451 Research, “Communications Platforms as a Service Market Guide 2021”