Mavenir Raises $100M To Build More Ai Into Its Cloud-Based Automated Network Technology For Telecoms Services

May 02, 2023•over 2 years ago

Amount Raised

$100 Million

Richardson

Investors

XuraMitelSiriPendrellKochMavenirSiris

Description

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 Information

Company

Mavenir

Location

Richardson, Nebraska, United States

About

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 _____________________ 1 451 Research, “Communications Platforms as a Service Market Guide 2021”

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends