Celeno Communications, a leading provider of smart managed Wi-Fi chipsets and software technology, announced that it has closed a new investment round of $38 million to further drive its rapid growth and expansion. The company supplies chips and software technology for managed WiFi apps.
The round was led by Red Dot Capital Partners, a capital fund focused on growth stage investments funded by Temasek, an investment company based in Singapore, through its enterprise development unit. Zvika Naggan, Managing Partner at Red Dot has joined Celeno’s Board of Directors.
Celeno will use the funds to support its accelerated growth following the remarkable success of its 802.11ac Wave 2 product line and disruptive software technologies, which have established Celeno as a significant industry player. The funds will enable Celeno to further increase its investment in new technology and R&D activities, as well as expand its global presence and increase its sales and marketing endeavours to support the growing demand for its solutions.
Zvika Naggan, Managing Partner at Red Dot
Celeno has made the crucial transition from an innovative, disruptive start-up to a global player alongside some of the Wi-Fi semiconductor industry’s largest players and the solution of choice for many of the most important global service providers.
Gilad Rozen, CEO of Celeno
With this new round we have taken Celeno to the next level and are able to further accelerate our growth and expansion in the market as well as focus on enhancing R&D efforts and further developing our disruptive solutions.
