Celona Raises $30M Series B Funding

Celona, the first enterprise networking company to bridge the gap between LTE/5G cellular wireless and enterprise IT infrastructure, today announced it has closed a $30 million Series B round of funding. The round was led by NTTVC and Qualcomm Ventures LLC with participation from Celona's initial investors: Lightspeed Venture Partners, Norwest Venture Partners and Cervin Ventures. The new round of financing brings Celona's total capital investment to date to $40 million USD.

The proceeds from this funding round will be used to fuel Celona's strategic growth initiatives that capitalize on fundamental changes within the enterprise market created by the availability of localized and shared spectrum around the world. This includes the Citizens Broadband Radio Service (CBRS) spectrum in the United States, which is widely viewed as the most significant development in enterprise wireless since Wi-Fi.

Celona, the enterprise 5G company, is focused on accelerating the adoption of business-critical apps on enterprise wireless and helping organizations implement a new generation of digital business initiatives. Taking advantage of new private spectrum models like Citizens Broadband Radio Service (CBRS), Celona's solution architecture is designed to make cellular wireless technology accessible to enterprise organizations and their technology partners. Learn more at celona.io and follow Celona on Twitter @celonaio.