Pivotal Commware, which makes infrastructure products for 5G in millimeter wave (mmWave) spectrum, scored $102 million in a Series D funding round led by Gates Frontier and Tracker Capital. #pressrelease
August 17, 2023
BOTHELL, Wash. – Pivotal Commware, global leader in 5G mmWave infrastructure products, announces the closing of a $102 million Series D round led by Gates Frontier and Tracker Capital. Joining them as co-leads in the round are funds managed by affiliates of Fortress Investment Group, LLC, and Blue Investment Group. Among Pivotal's existing investors, Verizon Ventures, Devonshire Investors, Thermo Companies, DIG Investment XV AB and Lux Capital also participated.
Pivotal products, applications and services deliver solutions for Fixed Wireless Access (FWA) households to Mobile Network Operators (MNOs) at a low Total Cost of Ownership (TCO) and with fast time-to-revenue. By re-directing mmWave signals beyond line-of-sight, Pivotal's Pivot 5G repeaters extend the wireless coverage area of radio access networks (RANs).
The new capital raised will provide the opportunity to invest aggressively in Pivotal Turnkey to drive mmWave FWA coverage for MNOs. Capital and cash flow from operations will also be used to develop next generation software and hardware products and solutions. Citigroup acted as exclusive placement agent to Pivotal Commware.
Read the full press release here.
Pivotal Commware
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