Federated Wireless Raises $58M in Series D Funding
- Federated Wireless, an Arlington, VA-based shared spectrum and CBRS technology provider, raised $58M in Series D funding
- The round was led by Cerberus Capital Management with participation from existing investors Allied Minds (LSE: ALM) and GIC, Singapore’s sovereign wealth fund
- The company intends to use the funds to scale platform and support further investments in its capabilities and partnerships
- Founded in 2012 by CEO Iyad Tarazi, FederatedWireless is a nationwide leader in enabling, commercializing, and driving adoption of shared spectrum
- Shared spectrum, also known as CBRS, is an innovative technology that delivers the best attributes of traditional wireless and Wi-Fi, with lower fixed cost, higher quality, and greater efficiency and scale
