Nokia and Palo Alto Networks have joined the 5G Open Innovation Lab as the newest corporate partners.
The 5G OI Lab has uniquely pioneered an open innovation model that brings together influential startups, global tech platform leaders, industry partners, and investors to connect and collaborate. Its thesis focuses on uncovering enterprise ready use cases exploiting the transformative potential of 5G and edge computing.
The Lab also announced the 12 multi-stage startups chosen to participate in its fifth batch of the select program, getting underway this week.
5G OI Lab partners including Intel, Microsoft, T-Mobile, Dell Technologies, Amdocs, VMware, Avanade, F5, Spirent, Ericsson, and CNH Industrial work together and directly with Lab startups to provide business and technical mentorship, and collaborate on potential proof of concept, go to market, and other opportunities.
The startups selected to participate in Batch #5 of the 5G OI Lab program have developed solutions including smart factory automation, mixed reality software for frontline workers, robotics manufacturing platforms, next-generation IoT platforms and more. Batch #5 teams have collectively raised $188.2M in venture funding bringing the lifetime total for the Lab program to $985.4M.
Jim Brisimitzis, Founder and Managing Partner of the 5G Open Innovation Lab
Our partner-first approach to collaborative innovation has helped the Lab standout globally. We are humbled to have Nokia and Palo Alto Networks join our ecosystem. Working with our other partners and startups, Nokia and Palo Alto Networks significantly expand the opportunities and potential to unleash the power and true value of edge and 5G enabled connectivity.
Keith O’Brien, CTO Service Providers for Palo Alto Networks
How we dream and develop the next applications and innovations for 5G cannot be done without security considerations and requirements, like securing network slices and multi-access edge computing, for those innovations and applications baked in from the start. Palo Alto Networks is excited to join the 5G Open Innovation Lab to help these innovative startups to embrace cybersecurity as an enabler of their success and mentor them as they bring these next gen capabilities securely to market.
