Mavenir raises $100 mn led by PE firm Siris

Mavenir announced the closing of a $100 million capital raise, following its $250 million fund-raise in 2022.
Mavenir @ MWCThe fund-raising round was anchored by Siris, a technology focused private equity firm and Mavenir’s largest equity holder, along with investment from two ecosystem partners.

Pardeep Kohli, President and CEO of Mavenir, said: “This new capital will allow us to accelerate our capabilities in automation, sustainability, and use of AI as we enable our customers to efficiently deploy and operate Open RAN based cloud-native networks.”

“Importantly, this investment enables Mavenir to further scale its business and maintain its leadership in Open RAN and 5G transformation,” said Hubert de Pesquidoux, a Siris Executive Partner and Executive Chairman of Mavenir.

Latest

More like this
Related

Ericsson plans €200 mn investment at Athlone facility in Ireland

Ericsson has unveiled a €200 million investment plan to...

Nokia CEO Justin Hotard reveals impact due to Donald Trump tariff

The introduction of Donald Trump’s tariffs is set to...

Ericsson to manufacture all telecom antennas for India locally

Ericsson announced plans to manufacture all its telecom antennas...

Huawei and ZTE selected by U Mobile for 5G network

U Mobile, a Malaysian mobile data service provider, has...