Celeno Communications has closed a new investment round of USD38 million led by Red Dot Capital Partners, a capital fund focused on growth stage investments funded by Temasek, an investment company based in Singapore, through its enterprise development unit, the company said.
The company said it plans to use the funds to drive its growth and expansion. The round included new investors Poalim Capital Markets, the investment arm of Bank HaPoalim, a large financial banking group in Israel, and OurCrowd. Existing investors including Liberty Global, Cisco, Pitango, 83North (formerly Greylock IL), Vintage and Miven also participated in the round.
Zvika Naggan, managing partner at Red Dot has joined Celeno´s board of directors.
Celeno is a provider of smart, managed wi-fi solutions. Celeno´s extensive 802.11ac chip portfolio and software technologies are designed to deliver management, performance, speed, coverage, reliability and superlative user experience demanded by wi-fi users. Founded in 2005 and backed by blue chip investors, Celeno is a headquartered in Ra´anana, Israel, with a global presence and offices in the US, EMEA and Asia Pacific.