Mavenir, a U.S.-based supplier of end-to-end, cloud-native mobile network software, has successfully completed a $155 million funding round. With the deal, $250 million has been raised in strategic capital overall since July 2022. The funding would enhance the company’s financial sheet significantly and support Mavenir’s innovation-focused strategy, allowing for sustained investment in products with high potential for growth.
Mavenir is a global network services company that has established ‘Centres of Excellence and Innovation’ as well as ‘NFV/SDN Cloud Innovation Centres’ across the world.
“With the support of our long-term partners, Siris and KSP, and this additional capital, we are well-positioned to execute on our vision of transforming how the world connects and building the future of networks,” said Pardeep Kohli, President and CEO at Mavenir. “With Mavenir’s end-to-end, cloud-native, 5G software platform, we are uniquely positioned to drive the digital transformation of mission-critical mobile networks that is underway. We will continue to lead the 5G transformation by investing in disruptive products to accelerate innovation in mobile networks.”
Open RAN, NFV/SDN
Koch Strategic Platforms, a division of Koch Industries, will continue to have a significant minority stake in the company, while Siris, a top private equity firm with a technology concentration, will continue to own the bulk of the equity.
“Mavenir continues to be an industry leader at the forefront of revolutionizing the mobile network, and this investment will further accelerate the company’s participation in the massive digital transformation opportunity as the leader in 5G,” said Hubert de Pesquidoux, a Siris Executive Partner and Executive Chairman of Mavenir. “I am confident that this investment will enhance Mavenir’s already exciting trajectory as the leader in 5G transformation.”
The announcement follows the news of Mavenir opening an Open RAN Centre of Excellence in Germany, further increasing the company’s European capabilities. The engineering, planning, design, systems integration, as well as implementation of Open Radio Access Networks will be provided to European Mobile Network Operators (MNOs) via this Centre of Excellence. It will have a Bonn headquarters and satellite offices in Düsseldorf and Munich.
It joins Mavenir’s Open vRAN, 5G, Artificial Intelligence/Machine Learning (AI/ML), open virtualized Multi Radio Access Technology (vMRAT), and software/system design for Open RAN Radio Units Centres throughout EMEA. The company’s NFV/SDN Cloud Innovation Centres are located in North America, India, and Asia Pacific.
