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Verana Networks: Raises $28M in Series B Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Verana Networks: Raises $28M in Series B Funding

By Steve Sam

April 27, 2022

Verana Networks Raises $28M in Series B Funding

Verana Networks, a Chelmsford, MA-based provider of 5G radio-access networks (RAN) solutions, raised $28M in Series B funding
The round was led by DC Investment Partners, with participation from Spark Capital, BOLD Capital Partners, Aspiro Capital, Taiwania Capital and TDK Ventures
DCIP Managing Director Mark Bulkeleywill also join Verana’s board of directors. DCIP Managing Director Mark Bulkeleywill also join Verana’s board of directors
The company is building a new 5G technology platform from the ground up, with purpose-built, software-defined hardware that delivers economics for dense outdoor small cell deployments
Since its founding in April 2020, Verana has grown to over 70 employees in the United States and India

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