Saguna Networks has closed a new USD5 million financing round led by CE Ventures and supported by the company´s existing shareholders, the company said.
Saguna will use the funding to expand the company´s MEC offering and global market presence.
Saguna helps mobile operators improve user experience, network economics and monetization by bringing distributed cloud-computing into the Radio Access Network (RAN); as close as possible to mobile users.
With Saguna´s solution, mobile operators can deploy new revenue generating services for content delivery, Internet of Things (IoT), retail and enterprise applications.
The company´s standard-based MEC solution, Saguna Open-RAN, creates an open ecosystem and growth engine inside the RAN. The solution features fully-virtualized, scalable architecture adding value to 4G networks, 5G and HetNets.
CE Ventures was established in 2015 to focus on investments in private technology companies located in Israel and the United States. It considers opportunities across a broad spectrum of industries, including technology, media, telecommunications and digital health and invests in a mixture of early and later-stage opportunities.
CE Ventures is headquartered in Hong Kong and is supported by clients of CreditEase, a national leader in wealth management and microfinance with a network of close to 50,000 employees across more than 100 cities in China. CreditEase is a private company, with a range of international institutional investors, including Morgan Stanley Private Equity Asia, Kleiner Perkins Caufield & Byers and IDG Capital Partners.
Saguna Networks Saguna, a pioneer of Mobile Edge Computing (MEC), makes mobile broadband faster, simpler and more economical with smart NFV software solutions.