Pivotal Commware, a global leader in 5G mmWave infrastructure products, on Thursday announced the closing of a $50 million C round led by an affiliate of Tracker Capital, a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies.
Pivotal is a leading developer of communications platforms, systems and applications based on Holographic Beam Forming technology. Mobile network operators use Pivotal’s products to cost-effectively deploy 5G millimeter Wave (mmWave) networks for mobile and fixed wireless access (FWA) that accelerate time to revenue.
Alongside the investment from Tracker Capital, Dr. Shaygan Kheradpir will join the Board of Directors of Pivotal. He is a senior advisor to Tracker Capital who formerly served as Verizon’s Group CIO, Barclays Bank Group COO, and Coriant and Juniper Networks CEOs.
The new capital raise will be used for the expansion of product support, distribution, and R&D associated with Pivotal’s comprehensive mmWave product ecosystem, which includes its WaveScape network modelling tool; Pivot 5G outdoor network repeaters; Echo 5G indoor subscriber repeaters; and Intelligent Beam Management System (IBMS) for remote management and optimization.
Brian Deutsch, CEO, Pivotal
For 5G, ultra-wideband mmWave is the real game changer, and Pivotal has built the complete solution for rapid, cost-effective deployment of these high-value networks.
Dr. Kheradpir, Senior Advisor, Tracker Capital
Pivotal has cracked the code for mmWave 5G. Their ecosystem is critical to mobile network operators around the world, and to the future of U.S.-based telecom infrastructure.
