Mitel co-leads $13 mln Series A funding of Ranzure Networks
Ranzure Networks Inc has secured US$13 million in a Series A financing. The round was co-led by LiveOak Venture Partners and Canadian strategic investor Mitel Networks Corp. Seeded by LiveOak and Mitel earlier this year, Richardson, Texas-based Ranzure is a developer of 5G cloud radio access network (RAN) technology. It is licensing Mitel mobile technology in the area of evolved packet core to support service providers as they build 5G networks for the Internet of Things. Ranzure said it will use the proceeds of the Series A round to continue product development and build sales and operations teams.
12 October 2016•3 mins read
