Altiostar Networks designs equipment focused on deploying and expanding mobile network operator’s LTE networks
Growth stage: late growth
Ownership: private equity, venture capital
Firm valuation: $456m - $684m (Dealroom.co estimates May 2019.)
Investors
Tech Mahindra
SERIES C, GROWTH EQUITY
Cisco Investments
LATE VC
Excelestar Ventures
LATE VC
Qualcomm Ventures
SERIES C
Rakuten
SERIES C
Telefónica Innovation Ventures
SERIES C
app.dealroom.co/companies/altiostar_networks
Rakuten Completes Investment in Altiostar
Tokyo, Japan, May 7, 2019 – Rakuten, Inc., a leading global innovation company in e-commerce, communications and fintech, and soon to be the operator of Japan’s newest and most innovative mobile network, today announced that it has received approval from the Committee on Foreign Investment in the United States to complete its investment in the US-based mobile technology company, Altiostar Networks, Inc.
In line with the completion of the investment, Rakuten and Altiostar will embark on a strategic alliance to accelerate deployment of Altiostar’s virtual Radio Access Network solutions for 4G and 5G and drive the telecommunications industry paradigm shift to web-scale cloud native mobile networks.
Rakuten Mobile President, Yoshihisa Yamada, and Chief Technology Officer, Tareq Amin, will join the board of directors of Altiostar.
global.rakuten.com/corp/news/press/2019/0507_03.html
Open virtualized radio access network (vRAN) technology provider Altiostar closed a $114 million Series C funding round that included participation from Rakuten, Qualcomm Ventures, and Tech Mahindra. The company says it will use the funding to expand its vRAN product for operator’s 4G LTE and 5G end-to-end webscale cloud native networks.
The vRAN vendor was founded by former Starent Networks founder and CEO Ashraf Dahod in 2011. Dahod served as the CEO of Starent through its 2007 IPO and subsequent $2.9 billion acquisition by Cisco in 2009. Cisco was an initial investor and backer in Altiostar. According to Crunchbase, the company has raised more than $211 million to date.
www.sdxcentral.com/articles/news/...m-tech-machindra/2019/05/
Growth stage: late growth
Ownership: private equity, venture capital
Firm valuation: $456m - $684m (Dealroom.co estimates May 2019.)
Investors
Tech Mahindra
SERIES C, GROWTH EQUITY
Cisco Investments
LATE VC
Excelestar Ventures
LATE VC
Qualcomm Ventures
SERIES C
Rakuten
SERIES C
Telefónica Innovation Ventures
SERIES C
app.dealroom.co/companies/altiostar_networks
Rakuten Completes Investment in Altiostar
Tokyo, Japan, May 7, 2019 – Rakuten, Inc., a leading global innovation company in e-commerce, communications and fintech, and soon to be the operator of Japan’s newest and most innovative mobile network, today announced that it has received approval from the Committee on Foreign Investment in the United States to complete its investment in the US-based mobile technology company, Altiostar Networks, Inc.
In line with the completion of the investment, Rakuten and Altiostar will embark on a strategic alliance to accelerate deployment of Altiostar’s virtual Radio Access Network solutions for 4G and 5G and drive the telecommunications industry paradigm shift to web-scale cloud native mobile networks.
Rakuten Mobile President, Yoshihisa Yamada, and Chief Technology Officer, Tareq Amin, will join the board of directors of Altiostar.
global.rakuten.com/corp/news/press/2019/0507_03.html
Open virtualized radio access network (vRAN) technology provider Altiostar closed a $114 million Series C funding round that included participation from Rakuten, Qualcomm Ventures, and Tech Mahindra. The company says it will use the funding to expand its vRAN product for operator’s 4G LTE and 5G end-to-end webscale cloud native networks.
The vRAN vendor was founded by former Starent Networks founder and CEO Ashraf Dahod in 2011. Dahod served as the CEO of Starent through its 2007 IPO and subsequent $2.9 billion acquisition by Cisco in 2009. Cisco was an initial investor and backer in Altiostar. According to Crunchbase, the company has raised more than $211 million to date.
www.sdxcentral.com/articles/news/...m-tech-machindra/2019/05/
