What is CELONA?
Founded in 2019, CELONA is at the forefront of developing enterprise private wireless solutions, notably credited with creating the industry's first 5G LAN system. This turnkey 4G/5G system is designed to meet the increasing demands for deterministic wireless connectivity for critical business applications and vital use cases that traditional wireless alternatives cannot adequately address. CELONA's technology empowers enterprises and mobile network operators to deploy robust, reliable, and high-performance private networks.
How much funding has CELONA raised?
CELONA has raised a total of $100M across 3 funding rounds:
Series A
$10M
Series B
$30M
Series C
$60M
Series A (2019): $10M with participation from Norwest Venture Partners, Cervin Ventures, and Lightspeed Venture Parnters
Series B (2020): $30M led by Qualcomm Ventures, NTTVC, Norwest Venture Partners, Lightspeed Venture Partners, and Cervin Ventures
Series C (2022): $60M supported by DigitalBridge Ventures
Key Investors in CELONA
Qualcomm Ventures
Qualcomm Ventures is the venture capital arm of Qualcomm Incorporated, a global leader in wireless technologies, focusing on investments that advance mobile and wireless innovation.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm that backs innovative companies in the technology and healthcare sectors.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global venture capital firm investing in early and growth-stage technology companies across enterprise, fintech, and consumer sectors.
What's next for CELONA?
With its recent major strategic investment, CELONA is poised for accelerated growth and market penetration. The company's focus on enabling critical business applications through its 5G LAN system positions it to capitalize on the expanding enterprise demand for private wireless networks. Future strategies will likely involve scaling its operations, enhancing its technological offerings, and forging deeper partnerships with enterprises and mobile network operators seeking to modernize their connectivity infrastructure. This strategic financing will be instrumental in solidifying CELONA's leadership in the enterprise private wireless market.
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