Pente Networks Closes $10 Million A-Round Further Accelerating Global Expansion
Summary
HACKENSACK, N.J., TEL AVIV, Israel, TORONTO and SHIBUYA-KU, Tokyo, Sept. 20, 2022 /PRNewswire/ -- Pente Networks, developer of IT-friendly private enterprise LTE/5G solutions for service providers and end customers, today announced a $10 million Series A funding round led by INcapital Ventures, with the participation of other notable private investors including existing investor Magma Ventures and Global Brain.The new capital follows a seed round and brings Pentes total investment to date to over $15 million. LiveU grew from a start-up established in 2006 to a global leader in the IoT live video streaming for TV, mobile, online, and social media content with more than 5,000 customers in over 150 countries. ""Pentes potential is limitless as enterprises continue to select private cellular networking in an increasingly 5G world," said Naoki Kamimaeda, Partner and Europe Division Head, Global Brain. "Jonathan Schwartz has been named Chief Technical Officer, a role he has been playing since the inception of the company,Roy Timor-Rousso has been named Chief Marketing Officer, driving many of the companys strategies in the Americas, including Latin America, as well as in Europe, Asia, and other regions.Working with MVNOs, WISPs, MSPs and SIs, Pente has been augmenting and replacing traditional enterprise networks with simplified, ultra-fast and ultra-secure wireless broadband solutions, including CBRS, as the use of unlicensed spectrum becomes more readily available.The massive shift in fixed and wireless access and communications, including the simplification of high-speed, highly secure private networks and the related reduction of complexity and costs compared to legacy approaches, is dramatically reshaping the competitive landscape, and opening new opportunities for challengers to bring better solutions to market compared to legacy approaches.Pente will continue to expand its core technology dev team in Israel, while focusing on strategy, business development, customer success, sales, and marketing in the U.S., given its successes in the North American region.The company is actively recruiting talented sales, pre-sales engineering, customer success, and marketing professionals based in the U.S., while also deepening its ecosystem of technology, integration, and sales channel partners.Pente provides an enterprise grade LTE/5G Mobile Core & Management Platform. Our goal is to enable a flow of innovation from the earliest stage all the way through until a company realizes its potential reach.Magmas partners provide decades of hands-on entrepreneurial and managerial experience in the ICT field.