Mavenir announced the closing of a $100 million capital raise, adding to its $250 million capital raise in 2022. The fundraising round was anchored by Siris, a leading technology focused private equity firm and Mavenir’s largest equity holder, along with investment from two highly strategic ecosystem partners.
The company said the new financing supports its mission to enable the digitization of telco networks with cloud-native applications that include IMS, Converged Packet Core and Open RAN.
Pardeep Kohli, President and CEO of Mavenir, commented: “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 end-to-end cloud-native networks. Our unique strategy incorporates best practices from the hyperscale, cloud and IT industries, to transform how the world connects and builds the future of 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. “We firmly believe in the automated networks of the future that are cloud-native, AI-native and Green-native, and we are confident that Mavenir’s innovations are essential in driving that evolution.”
