Winning at WiFi – Celeno Closes $38M Round
Cementing its success in the WiFi business, Celeno today announced the close of a new $38 million funding round led by Red Dot Capital Partners and including investments by Poalim Capital Markets and OurCrowd. (See Celeno Banks $38M .)
The latest shot of capital means Celeno Communications has now raised more than $106 million in total from investors that also include Liberty Global Inc. (Nasdaq: LBTY), Arris Group Inc. (Nasdaq: ARRS), Cisco Systems Inc. (Nasdaq: CSCO), Pitango, 83North (formerly Greylock IL), Vintage and Miven.
Celeno's success speaks to both the exploding market demand for new WiFi solutions and the company's specific ability to innovate and win new customers. As a provider of both WiFi chips and software, Celeno's approach has long been about combining higher network throughput with smarter WiFi routing. The company's 802.11ac Wave 2 chips help deliver gigabit speeds and higher, while its management software provides granular control over how bandwidth is allocated to different devices and different applications. (See Battle for the Home Network? It's On and Celeno Debuts Home WiFi Software.)
In January, Celeno also introduced software for the management of multiple WiFi access points. That software has been embedded in a DOCSIS 3.1-enabled cable gateway reference design developed in collaboration with STMicroelectronics NV (NYSE: STM). (See Celeno Unveils New Cable Gateway Reference Design.)
Celeno CEO Gilad Rozen says his company will use its new funding to accelerate growth and "focus on enhancing R&D efforts and further developing our disruptive solutions."
— Mari Silbey, Senior Editor, Cable/Video, Light Reading