5G Technology Innovator Celona Raised $60M In Series C Funding Round

Business News News March 31st 2022

Celona, a well-known enterprise networking business that bridges the gap between LTE/5G cellular wireless and enterprise IT infrastructure has recently raised $60 million in Series C fundraising rounded conducted by DigitalBridge Ventures.

Celona was founded in 2019 and has positioned itself as a market leader in the worldwide private LTE/5G infrastructure business. This business is estimated to rise by more than 5 times i.e. to about $6 billion by 2021. Celona has introduced its completely integrated 5G LAN platform in November 2020, with the goal to assist enterprises in quickly deploying, operating, and integrating a 5G cellular network into existing infrastructures.

Celona and Verizon Business have also announced their partnership earlier this month. This partnership focuses on providing turn-key private networking solutions to accelerate enterprise 5G adoption across a wide range of Celona’s technology use cases. This includes factory automation, distance learning, real-time inventory management, supply chain logistic, and others.

To date, Celona’s total capital investment has exceeded $100 million as a result of the new funding. Series C fundraising round also had Celona’s previous investors like NTTVC (Celona’s Series B lead investor), Lightspeed Venture Partners, Norwest Venture Partners, Qualcomm Ventures, and Cervin Ventures.

Rajeev Shah, Co-Founder, and CEO of Celona, as DigitalBridge showed interest and investment in 5G technology then this indicates that it going to be used within the enterprise on a large scale and that is how organizations going to do business. He added with faster moving benefits, a track record of successful execution, and the support of world-class investors like DigitalBridge, Celona is will uniquely stand and lead the future of private 5G networking.

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DigitalBridge Ventures

DigitalBridge Ventures’ expertise like extensive domain experts, market intelligence, and diverse portfolio will give the unique insights and natural strategic possibilities to source, vet, and add value to start-ups to expand business in the digital infrastructure technology area.

Marc Ganzi, President and CEO at DigitalBridge, said, “DigitalBridge always invests in exceptional, disruptive businesses that provide DigitalBridge a new avenue to always stay at the forefront. He claimed that this is their key component of the plan to achieve new growth vertical goals in 2022 as a full-stack digital infrastructure investor. This also allows the company to bring its capabilities and expertise to the software-defined network of the future”.

Ganzi, further added, “Celona is vital in the private 5G market that provides industry-leading solutions which have the potential to advance in the future of enterprise networking by delivering the low-latency, high-reliability solutions enterprises are increasingly demanding”. The company is very excited to launch this new investment strategy that will leverage DigitalBridge’s unique solutions and help to partner with emerging, entrepreneurial leaders across the digital infrastructures technology sector.

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