Saguna Networks is a Yokneam, Israel-based Mobile Edge Computing (MEC) platform that provides mobile operators with distributed cloud-computing capabilities in the Radio Access Network (RAN). Led by CEO Lior Fite, the company's solution features a virtualized, scalable architecture designed to add value to 4G networks, 5G and heterogeneous networks (HetNets). Operators can deploy new revenue-generating services for content delivery, Internet of Things (IoT), retail and enterprise applications using Saguna's platform. On May 23, 2016, Saguna closed a $5 million financing led by CE Ventures with participation from existing shareholders. The company said it will use the funds to expand its MEC offering and global market presence. The article does not report operating metrics such as revenue or user counts. Saguna Networks provides mobile operators with an open Mobile Edge Computing (MEC) cloud platform that brings internet content and applications into the radio access network to improve user experience, monetization and network economics. Its Saguna CODS MEC platform creates direct fast-track connections between internet content providers, web applications and mobile users and promotes network-aware content optimization with real-time feedback. The company is led by CEO Lior Fite and was founded in 2008 in Yokneam, Israel. Saguna intends to use the new funding to expand its presence in North America, Asia and Europe and to accelerate product development. The company closed a financing round of undisclosed amount led by SoftBank Ventures Korea and Akamai Technologies with participation from existing investors. No revenue or user metrics were disclosed in the article.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

May 2016