Digital Bridge led the round with participation from all of Celona’s existing investors: Lightspeed Venture Partners, Norwest Venture Partners, NTTVC, Qualcomm Ventures and Cervin.
The new round of funding brings Celona’s total capital investment to date to $100 million. The company will use the new funds to accelerate Celona’s worldwide expansion, channel growth, and research & development efforts.
Our journey with Celona began before the company was formed. We have known Rajeev Shah (CEO) and other members of the founding team, who worked previously at leading technology companies such as Aruba, Federated Wireless, Ruckus Networks and Qualcomm, for several years from a previous investment.
When Rajeev and team joined hands with Mehmet Yavuz (CTO) to start a novel play in the private 5G space, we immediately realized the value that Celona’s innovation would bring in building a new market segment for private wireless within the enterprise – understanding that Celona as a truly unique position to build a company of consequence. And that's precisely what they’ve done. Having delivered the industry’s only turnkey 4G/5G private wireless solution designed explicitly with the enterprise in mind, the company is poised to capitalize on the massive market trend to bring all the benefits of cellular technology to businesses worldwide.
Now having established strategic partnerships with the likes of Verizon, ATT and HPE/Aruba, Celona is defining the market for private wireless and delivering what is quickly becoming the gold standard for 5G LANs.
We are fortunate to have been an early investor and participated in this most recent round. And we look forward to what the future holds for Celona and the company's dedicated team.