-

Mavenir Announces up to $75 Million Investment From an Existing Investor

RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir, the cloud-native network infrastructure provider building the future of networks, today announced up to a $75 million investment from an existing investor. The additional capital will drive Mavenir’s business strategy, anchored in end-to-end 5G transformation.

Pardeep Kohli, President and CEO of Mavenir, commented: “Mavenir continues to be an industry leader at the forefront of network innovation and automation. With our investor group’s support, we will accelerate strategic investments in Open RAN and 5G Core solutions and efficiently meet our product roadmap. We are excited to continue building networks of the future for the benefit of our customers and partners.”

Terry Hungle, CFO of Mavenir, commented: “The steadfast support and confidence from our partners sets us up for long-term success. This positions us for growth as we accelerate the 5G transformation and bolster the global expansion for our products and solutions.”

Notes to the editor:

Recent investment related press releases
- Mavenir Raises $100 Million of Capital to Accelerate Investments in Strategic Growth Products - Mavenir
- Mavenir Raises $155 Million of Capital to Accelerate Investments in Strategic Growth Products - Mavenir
- Mavenir Announces $500 Million Private Placement with Koch Strategic Platforms - Mavenir

About Mavenir:

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com.

Contacts

Mavenir PR Contact:
Emmanuela Spiteri
PR@mavenir.com

Mavenir


Release Summary
The additional capital will drive Mavenir’s business strategy, anchored in end-to-end 5G transformation.

Contacts

Mavenir PR Contact:
Emmanuela Spiteri
PR@mavenir.com

Social Media Profiles
More News From Mavenir

Mavenir Moves in on Market Leader Status in New Omdia Core Vendors Report

RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir recognized as a major challenger in Omdia's "Market Landscape: Core Vendors 2024" report....

Mavenir, VIAVI, and CableLabs Complete Open RAN 3GPP Security Assurance Testing During the Spring 2024 O-RAN ALLIANCE PlugFest

RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir announce successfully completing 3GPP Security Assurance Testing for the RU, DU, and CU together with VIAVI and CableLabs....

Mavenir Teams With NVIDIA and Amazon Web Services to Deliver Generative AI Co-Pilot for Communications Service Providers

RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir pioneers a breakthrough Operations Co-Pilot that harnesses the power of GenAI to improve SLAs and optimize operational efficiency for CSPs...
Back to Newsroom