Low-latency 5G LAN network provider Celona raises $60M in Series C round
The private mobile network operator Celona Inc. announced today it has raised $60 million in a new round of funding to build out its fully integrated 5G local area network system for enterprise companies.
Today’s Series C round was led by Digital Bridge, with participation from existing investors including Lightspeed Venture Partners, Norwest Venture Partners, NTTVC, Qualcomm Ventures and Cervin Ventures. The funding brings its total amount raised to date to $100 million.
Celona has created a 5G LAN system that can provide low-latency and deterministic 5G-based connectivity for critical edge applications that require subsecond response times. Think applications such as autonomous mobile robots or mixed reality headsets, for instance. The system is designed to accelerate the adoption of digital automation initiatives across enterprises by bridging the gap between 5G and existing information technology networks and industrial “internet of things” infrastructure
The system is built atop of Celona’s Edgeless Enterprise architecture, which uses a cloud-native network operating system that delivers policy-based routing, quality of service and security segmentation. The architecture also relies on Celona’s proprietary MicroSlicing tech to enable advanced network slicing that can guarantee key service levels and consistent application delivery.
Additional features offered by Celona include network and policy automation for complex deployments, secure device and application network segmentation that’s tied to enterprise policies, and direct integration with existing enterprise network backbones, preventing the need for separate cabling infrastructure to support 5G.
Since launching its 5G LAN system in November 2020, Celona has teamed up with multiple enterprises, managed service providers and mobile network operators to provide them with low-latency and high-bandwidth connectivity. Last August, for example, it partnered with Japan’s Nippon Telegraph and Telephone Corp., powering its P5G wireless offering that provides cloud-native network connectivity for major enterprises. It’s also working with major enterprises such as Tesla Motors Inc., Walmart Inc., Standard Steel LLC and BMW AG, to name just a few.
“This latest round of funding is clear validation in our belief that the introduction of 5G cellular wireless technology within the enterprise is creating a completely new model for building enterprise networks,” said Celona co-founder and Chief Executive Rajeev Shah.
Celona said it will use the funding from today’s round to accelerate its worldwide expansion and channel growth, and fund its ongoing research and development efforts.
Digital Bridge CEO Marc Ganzi said he invested in Celona because he believes its technology will reshape the future of enterprise networks. “The company’s products and technology are poised to have a transformative impact on the entire industry,” he said.
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