Mavenir announced the closing of a $100 million capital raise, following its $250 million fund-raise in 2022.
The 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.
