Digital Alpha Leads $50 Million Investment in Tarana

<p><strong>MILPITAS<&sol;strong> &&num;8212&semi; Tarana Wireless&comma; Inc&period; announced  that Digital Alpha Advisors&comma; an investment firm focused on digital infrastructure&comma; has joined the company’s investor group&period; The &dollar;50 million up round led by Digital Alpha is focused on both accelerating Tarana’s rapid growth in sales and deployment of G1&comma; its next-generation fixed wireless access &lpar;ngFWA&rpar; platform&comma; as well as expanding R&amp&semi;D investment to build on the company’s foundational advances in wireless broadband technology&period;<&sol;p>&NewLine;<p>Digital Alpha’s interest in Tarana stems from an investment thesis around the roll-up of wireless Internet service providers&period; Rick Shrotri&comma; Founder and Managing Partner at Digital Alpha&comma; explained&comma; &OpenCurlyDoubleQuote;As we developed our wireless ISP investment thesis&comma; we became aware of Tarana’s breakthrough technology&comma; and each operator’s story underscored how ngFWA is fundamentally changing network performance and operator economics&period; Tarana’s G1 platform supplies the key missing ingredient in enabling wireless ISPs to offer highly competitive broadband&comma; take share&comma; and grow value in their businesses — at a months-not-years deployment pace competitive technologies just cannot match&period;”<&sol;p>&NewLine;<p>In addition to traditional equity investments into wireless Internet services providers&comma; Digital Alpha is also offering a novel revenue-share financing solution to Tarana customers looking to expand their deployments of G1&period; Digital Alpha&&num;8217&semi;s deep domain and industry expertise makes them uniquely suited to fund infrastructure deployments that are bridging the digital divide and enabling connectivity transformations across local communities&period; To date&comma; Digital Alpha has funded existing Tarana customers such as Element 8 and Wisper ISP and is looking forward to partnering with Tarana to offer its funding model in pursuit of new market opportunities and additional wireless internet service providers&period;<&sol;p>&NewLine;<p>Since its launch of G1 in late 2021&comma; Tarana has seen explosive growth in demand for its novel ngFWA platform&period; G1 is now deployed by more than 270 service providers in 19 countries&comma; and in 41 of the 50 states in the US&period; Infrastructure deployments and customer installations by the thriving G1 community are accelerating across a range of applications&comma; including closing the digital divide&comma; significantly upgrading subscriber speeds to increase competitiveness&comma; and providing new choices where there are limited high-speed connectivity options&period; Revenues in G1’s first full year of sales &lpar;2022&rpar; were nearly &dollar;100M&comma; and orders plus sales continue to climb in 2023&period; These strong business fundamentals drove a 40&percnt; year-over-year increase in the company’s valuation&period;<&sol;p>&NewLine;<p>Tarana CEO Basil Alwan said&comma; &OpenCurlyDoubleQuote;Digital Alpha knows our customers’ business intimately&comma; which has provided early insights into ngFWA and the momentum building in our business&period; This investment along with those in our customers makes them a natural and great partner&period; Our rapid growth has created more opportunities along with higher working capital requirements&semi; this financing will play an essential role in maintaining our trajectory&comma; supporting our customers’ continued growth&comma; and expanding our reach globally&period;”<&sol;p>&NewLine;