Celeno, a Ra’anana, Israel-based provider of Wi-Fi solutions, raised US$10m in funding.
The round was led by Iris Capital, with participation from existing shareholders.
The company intends to use the funds for its expansion in Europe and its product development.
Founded in 2005 by Gilad Rozen, CEO, Celeno offers advanced Wi-Fi chipsets, edge software and cloud technology to take Wi-Fi beyond connectivity into smart homes, smart cities, smart buildings and smart industry. The company’s Wi-Fi chipsets are used globally by OEM customers such as ARRIS, Compal and Samsung in home gateways, routers, set-top boxes, Wi-Fi access points and extenders. The technology is already deployed in tens of millions of homes worldwide with Tier-1 service providers such as Charter Communications (ex-Time warner Cable) in North America and Vodafone and Liberty Global across 15 countries in Europe and Latin America. The smart Wi-Fi technologies provided by Celeno for these customers include advanced QoS (Quality of Service) management technologies, multi-AP mesh management and smart antenna technology to intelligently manage the connection to each of the many connected devices in the home and enable consumers to achieve true Gigabit speeds in their home.
The company has a global presence and offices in the US, EMEA and Asia Pacific.
FinSMEs
03/01/2019