Celeno Communications, a Ra’Anana, Israel-based provider of smart managed Wi-Fi chipsets and software technology, raised $38m in funding.
The round was led by Red Dot Capital Partners, with participation from new investors Poalim Capital Markets, the investment arm of Bank HaPoalim and OurCrowd, as well as existing investors Liberty Global, Cisco, Pitango, 83North (formerly Greylock IL), Vintage and Miven. In conjunction with the funding, Zvika Naggan, Managing Partner at Red Dot, joined Celeno’s Board of Directors.
The company will use the funds to further increase its investment in new technology and R&D activities, to expand its global presence and increase its sales and marketing efforts.
Founded in 2005 and led by Gilad Rozen, CEO, Celeno provides smart, managed Wi-Fi solutions including Its 802.11ac chip portfolio and software technologies designed to work in real life, highly-interfered dense network scenarios. The company’s chips and software technology have been integrated into numerous OEM Wi-Fi devices and have been deployed in tens of millions of homes around the world by almost 100 leading service providers worldwide.
FinSMEs
07/09/2016