Mavenir, a Richardson, TX-based provider of cloud-native network infrastructure, has received an investment of up to $75 million from an existing investor.
Mavenir Use of Funds
The company will use the fresh capital injection to support its strategic focus on end-to-end 5G transformation, emphasizing innovations in Open RAN (Radio Access Networks) and 5G Core solutions.
About Mavenir
Mavenir is building the future of networks today with cloud-native, AI-enabled solutions that are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As an Open RAN pioneer, Mavenir's award-winning technology delivers automation and monetization across global mobile networks, accelerating 5G transformation for over 300 service providers in 120+ countries.
Funding Details
Company: Mavenir Systems, Inc.
Raised: $75.0M+
Round: Unknown
Funding Month: May 2024
Investors: Existing Investors
Company Website: https://www.mavenir.com/
Software Category: Communications
Source: https://www.mavenir.com/press-releases/mavenir-announces-up-to-75-million-investment-from-an-existing-investor/