Celona Finishes $60 Million Series C Financing

<p><strong>CUPERTINO<&sol;strong> &&num;8212&semi; Celona&comma; the first enterprise networking company to bridge the gap between LTE&sol;5G cellular wireless and enterprise IT infrastructures&comma; has closed a &dollar;60 million Series C financing round led by DigitalBridge Ventures&period;<&sol;p>&NewLine;<p>The financing round also included participation from all of Celona’s existing investors&colon; Lightspeed Venture Partners&comma; Norwest Venture Partners&comma; NTTVC&comma; Qualcomm Ventures and Cervin Ventures&period; The new financing brings Celona’s total capital investment to &dollar;100 million&period; The proceeds will be used to accelerate Celona’s worldwide expansion&comma; channel growth and research &amp&semi; development efforts&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This latest financing round is a strong endorsement of both our existing accomplishments leading the market in 5G network adoption and the tremendous growth prospects still ahead for Celona&comma;” said Rajeev Shah&comma; co-founder and CEO of Celona&period; &OpenCurlyDoubleQuote;We are proud to have the support of a top-tier group of investors&comma; including DigitalBridge leading this financing round&period; We believe that Celona has all the right pieces in place to build upon our foundation of disruptive innovation and leadership with our 5G LAN technology&comma; particularly with these additional resources to expand our reach and grow our capabilities&period;”<&sol;p>&NewLine;<p>Since launching the first fully integrated 5G LAN platform in November 2020&comma; Celona has seen strong demand from a range of enterprises&comma; managed service providers&comma; and mobile network operators looking to satisfy strategic digital business initiatives not adequately addressed today&period; The company’s diverse customer base includes world-class organizations such as Verizon&comma; NTT Ltd&comma; SBA Communications&comma; St&period; Luke’s Hospital System&comma; Purdue Research Foundation&comma; Stanislaus State University&comma; and many other brand-named enterprises&period;<&sol;p>&NewLine;<p>Celona’s 5G LAN platform is used by manufacturers&comma; retailers&comma; hospitals&comma; schools&comma; and supply-chain leaders to drive transformational results for a wide range of mission-critical use cases that require the deterministic wireless connectivity on private &amp&semi; interference-free cellular spectrum and fast mobility for new generation of highly mobile devices and robotics infrastructures&period;<&sol;p>&NewLine;