Ranzure Networks Closes $13M Series A Funding

Funding Rounds

▤ Summary

Ranzure Networks, a Richardson, Texas-based provider of flexible, virtualized, cloud-based 4G/5G RAN solutions, completed a $13m Series A funding.The round was co-led by LiveOak Venture Partners and Mitel.The company intends to use the funds to continue its product and solutions development for service providers and partners globally, to conduct R&D activities, and to build its sales and operations teams.In addition to the funding, the company Ranzure will license Mitel Mobile technology in the area of Evolved Packet Core to support service providers as they build 5G networks for the Internet of Things.Ranzure has development centers in Ottawa, Canada and Bengaluru, India.

$ Funding

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Amount $13.0M Total raised
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Date October 11, 2016 Announcement date
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Investors - Lead investors
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Company http://www.ranzure.com Funded company

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