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Verana Networks Secures $28 Million In Series B Funding To Bring 5G Ran Technology To Service Providers, Enterprises

PRIVATEApr 26, 2022

Amount Raised

$28 Million

Round Type

Series B

WalthamHardware

Description

Verana Networks, a developer of innovative 5G radio-access networks (RAN) solutions, announced today it has secured $28 million in a Series B venture capital funding round, bringing the total capital raised since its founding in 2020 to $43 million. The funding from this latest round of investment will be used to commercialize Verana's ground-breaking 5G RAN technology for millimeter wave spectrum.

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Company Information

Company

Verana Networks, Inc.

Location

303 Wyman Street

Waltham, Massachusetts, United States

About

Verana Networks is building an innovative 5G Radio Access Network (RAN) solution for service providers and enterprises that have access to licensed millimeter wave (mmWave) spectrum. Founded in 2020 by a team with a track record of developing innovative RAN products, from the world's first all-IP 3G base stations to pioneering residential femtocell and enterprise small cell solutions, Verana Networks is backed by experienced venture capital firms and headquartered in Massachusetts. For more information, visit www.verananetworks.com.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Verana Networks, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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