Tarana Wireless raises $170M
Industry Announcements, , 3/23/2022
MILPITAS, Calif. – Tarana Wireless, Inc., whose mission is to accelerate the broadband industry’s efforts to close the world's persistent digital divide, announced reaching two major milestones this month. After commercial launch in late 2021 of Tarana's G1 platform — which delivers fiber-class internet service at a fraction of fiber's cost and complexity — the company is on track to deliver over $100 million of revenue in 2022, from a customer base that has exploded to more than 120 service providers. Tarana also announced it has raised $170 million at a $1 billion valuation from preeminent venture and institutional investors to support their rapid growth.
The round was co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab. Also participating were Michigan State Pension Fund, I Squared Capital, and two other large, industry-leading institutional investors.
Providing service with Tarana's G1 platform is remarkably simple. An internet provider mounts four briefcase-sized "base node" radios on a tower, and these can deliver consistent high-performance internet with up to gigabit-class speeds and low latency for as many as 1,000 customers within a few-miles radius. They can also be configured to provide symmetric upstream and downstream rates as an option. All customers need is a "remote node" radio the size of a hardcover textbook installed on their house, which can connect to a base node even without clear line of sight between the radios.
G1 early adopters include large, established telecom service providers such as MTN, BT, and Liberty; new entrants on the broadband scene (not yet public); and a fast-growing number of innovative wireless internet service providers including Wisper Internet, Redzone, and Resound Networks.
Read the full press release here.
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