Mavenir builds cloud-native, AI-enabled network infrastructure and Open RAN and 5G Core solutions designed to automate and monetize mobile networks. The company emphasizes green-by-design software to help operators achieve intelligent, programmable networks. Mavenir says its solutions accelerate software network transformation for 300+ communications service providers across more than 120 countries, serving over 50% of the world’s subscribers. The company plans to use additional capital to accelerate strategic investments in Open RAN and 5G Core and to efficiently meet its product roadmap. Management also highlighted plans to bolster global expansion for its products and solutions. The announcement references prior capital raises and positions the firm for continued growth in 5G transformation. Mavenir builds cloud-based, automated network technology with a focus on Open Radio Access Networks (Open RAN) and related 5G services. The company is integrating more AI, automation and sustainability features into its cloud-native platform and plans to sell additional services to its existing customers. Mavenir says it serves more than 250 service provider and enterprise customers across 120 countries and that its services cover more than half of the world’s mobile subscribers. Leadership highlights include CEO and president Pardeep Kohli and Siris partner Hubert de Pesquidoux as chairman. The business has been used as an umbrella for roll-ups of telecoms software vendors such as Mitel and Xura during prior ownership restructurings. Mavenir has attracted long-standing private-equity and strategic backers and is positioning its software to replace legacy, hardware-centric network approaches. Mavenir builds end-to-end, cloud-native mobile network software and a 5G software platform designed to run on any cloud. The company positions itself as the industry’s only end-to-end, cloud-native network software provider and serves 250+ communications service providers in over 120 countries. Its software supports more than 50% of the world’s subscribers. Mavenir says it is focused on transforming how the world connects and accelerating software network transformation through disruptive products. The company intends to continue investing in strategic growth products and leading the 5G transformation. Recent financings have been used to strengthen the balance sheet to enable continued investment in innovation. Mavenir provides an end-to-end, cloud-native 5G network software platform, positioning itself as the industry's only provider of a single, software-based automated network that runs on any cloud. The company highlights products such as OpenRAN and other disruptive 5G technologies for communication service providers and enterprises. Mavenir says it accelerates software network transformation for 250+ communications service providers in over 120 countries and reaches more than 50% of the world’s subscribers. The firm plans to bring 5G innovation to industries including energy, industrial automation, and health care and to expand deployments with service provider customers. Mavenir intends to use the recent strategic investment to strengthen its balance sheet and accelerate innovation in CSP and enterprise networks. Financial advisors on the transaction were Goldman Sachs & Co. LLC and Guggenheim Securities, LLC; legal counsel to Mavenir was Sidley Austin LLP.

Total raised

$330M

Funding rounds

4

Latest round

Equity

Latest activity

May 2024