Verana Networks: Raises $28M in Series B Funding

Verana Networks Raises $28M in Series B Funding

• Verana Networks, a Chelmsford, MA-based provider of 5G radio-access networks (RAN) solutions, raised $28M in Series B funding
• The round was led by DC Investment Partners, with participation from Spark Capital, BOLD Capital Partners, Aspiro Capital, Taiwania Capital and TDK Ventures
• DCIP Managing Director Mark Bulkeleywill also join Verana’s board of directors. DCIP Managing Director Mark Bulkeleywill also join Verana’s board of directors
• The company is building a new 5G technology platform from the ground up, with purpose-built, software-defined hardware that delivers economics for dense outdoor small cell deployments
• Since its founding in April 2020, Verana has grown to over 70 employees in the United States and India