Tech Company Financing Transactions
Altiostar Funding Round
Altiostar, based in Tewksbury, received $114 million in funding from Qualcomm Ventures, Rakuten and Tech Mahindra.
Transaction Overview
Company Name
Announced On
5/9/2019
Transaction Type
Venture Equity
Amount
$114,000,000
Round
Series C
Investors
Proceeds Purpose
This financing will be used to expand Altiostar's virtual RAN solution to encompass 4G and 5G products allowing telecom operators to build end-to-end web-scale cloud native networks.
Company Information
Company Status
Private & Independent
Industry
Wireless
Mailing Address
200 Ames Pond Dr.
Tewksbury, MA 01876
USA
Tewksbury, MA 01876
USA
Phone
Website
Email Address
Overview
Altiostar is the mobile broadband industry's first provider of Virtual RAN (vRAN) with Ethernet front haul, for software-intensive LTE eNodeB. Our unique solution is designed to improve quality of experience, enhance spectral efficiency and significantly reduce Total Cost of Ownership (TCO).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ashraf Dahod
Chief Financial Officer
John Delea
Executive Vice President
Thierry Maupile
VP - Engineering
Anil Sawkar
VP - Operations
Pierre Kahhale
Browse more venture capital transactions:
Prev: 5/9/2019: ChowNow venture capital transaction
Next: 5/9/2019: Voicify venture capital transaction
Share this article
About Database of VC Transactions
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs