Mobile-Tech Company Affirmed Networks Raises $38M To Chase 5G Future
Summary
Affirmed Networks, a mobile systems software company based in Acton, MA, has raised $38 million in a strategic funding round led by Palo Alto-based Centerview Capital Technology to help it expand into more regions around the globe and invest in new products. “As 5G networks continue to be deployed, Affirmed has a unique opportunity to help mobile operators create and innovate the revenue-generating services of the future.” Affirmed says its software is used in deploying 4G networks and is being integrated in some of the latest 5G systems—the latest generation of mobile technology promising faster data speeds and larger bandwidths to accommodate the millions of Internet-connected devices (from thermostats to microwaves, cars, and dog collars) that businesses and consumers will connect to networks in the coming years. CEO Hassan Ahmed says in a press release the company and its customers are standing “at the edge of a 5G world that promises to transform the way we communicate.” He added: “From augmented reality to driverless cars, the future is coming into focus today, and we’re more committed than ever to helping mobile service providers deliver that future.”
