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Tarana Wireless Raises $170M, Leads New Approach To Fiber-Class Broadband

Mar 23, 2022•over 3 years ago

Amount Raised

$170 Million

Milpitas

Description

Tarana Wireless, Inc., whose mission is to accelerate the broadband industry’s efforts to close the world’s persistent digital divide, announced reaching two major milestones this month. After commercial launch in late 2021 of Tarana’s G1 platform — which delivers fiber-class internet service at a fraction of fiber’s cost and complexity — the company is on track to deliver over $100 million of revenue in 2022, from a customer base that has exploded to more than 120 service providers. Tarana also announced it has raised $170 million at a $1 billion valuation from preeminent venture and institutional investors to support their rapid growth.

Company Information

Company

Tarana

Location

Milpitas, California, United States

About

Tarana Wireless, Inc. is the industry’s performance leader and new category creator in next-generation fixed wireless access (ngFWA). Its G1 access platform is powered by a number of well-proven industry firsts in precise, multidimensional optimization of radio signals, achieved through the team’s 10 years of intense collaboration and $300M of dedicated R&D investment in ground-up algorithm development and design of custom ASICs. G1 delivers a game-changing advance in FWA network economics, addressing service providers’ challenges in both mainstream broadband and underserved markets, using unlicensed spectrum. The company is headquartered in Milpitas, California, with additional research and development in Pune, India. Visit www.taranawireless.com for more on G1.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech