Pente Networks, a Hackensack, NJ-based company that provides Infrastructure-as-a-Service (IaaS) to promote the introduction of private LTE/5G networks for enterprises, received an investment from Mitsubishi Electric Corporation (TOKYO: 6503)’s ME Innovation Fund.
The amount of the deal was not disclosed
The company intends to use the funds to expand operations and its development efforts.
Pente Networks has been developing products such as Orchestrator, which is a feature that automates network operation and management, and Service Portal, which is a network management screen with excellent operability and visibility. The company also allows devices and base stations to be interoperable. By offering a private LTE/5G network as IaaS, Pente Networks contributes to the advancement and promotion of communication infrastructure, which supports social infrastructure.
FinSMEs
12/06/2024