Venture Capital: Network Software Provider Mavenir Lands $100M

https://dailyalts.com/wp-content/uploads/2023/05/mavenir-mwc2022-4-scaled-1.jpg

Previously, Mavenir raised $250 million in 2022.

Telco network focused, cloud-based software developer Mavenir has closed on a $100 raise that will enable it to advance digitization of its clients with software including IMS, Converged Packet Core and Open RAN, and artificial intelligence.

The fundraise was led by technology-focused PE firm Siris and received participation from “two highly strategic ecosystem partners.” (Businesswire)

Siris is also the largest equity holder in the company, and Hubert de Pesquidoux, a Siris executive partner, is executive chairman of Mavenir.

“We firmly believe in the automated networks of the future that are cloud-native, AI-native, and Green-native, and we are confident that Mavenir’s innovations are essential in driving that evolution,” said Pesquidoux in a statement.

In October 2022, Mavenir raised $155 million from an undisclosed investor, and $95 million of debt in August 2022.

Related Story:  Cyber Security Firm Netskope Raises $401M From Top Notch Investors

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/06/Adyen-Gig-Worker.jpg
FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
June 2, 2023     FinTech, News

Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s…

https://dailyalts.com/wp-content/uploads/2023/06/349007845_952167809344663_7026081062910546259_n.jpg
Digital Assets: Oracle Red Bull Racing Seeks To Digitize Engagement With Fans On The Sui Blockchain

Oracle Red Bull Racing has announced a multi-year partnership with software company Mysten Labs to collaborate on Sui, which will serve as the team’s Official Blockchain partner. Sui, a Layer…

https://dailyalts.com/wp-content/uploads/2023/06/LOREAL_0301913_BD.jpg
Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut
June 2, 2023     News, Venture Capital

L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and…

https://dailyalts.com/wp-content/uploads/2023/06/48517139187_6e392290f9_c.jpg
Artificial Intelligence: In Flight Simulation, An AI Drone Tries To Kill Its Own Handler
June 2, 2023     Artificial Intelligence, News

During a simulated test at a London summit, an AI-controlled drone turned against its human operator, raising significant ethical concerns. Air Force Colonel Tucker “Cinco” Hamilton shared the incident, which…