$38 Million in Venture Funding
On September 7, 2016, Israeli startup Celeno Communications completed a $38 million financing round. Red Dot Capital Partners, which focuses on investments in growth companies, led the round. New investors participated in the current round, including Poalim Capital Markets, and the OurCrowd investment fund. Previous investors also took part, including Liberty Global, Cisco, Pitango Venture Capital, 83North, Vintage Investment Partners, and Miven.Celeno has raised $107 million since it was founded, including the round announced today. Commenting on the financing round, Rozen said, “With this new round we have taken Celeno to the next level and are able to further accelerate our growth and expansion in the market as well as focus on enhancing R&D efforts and further developing our disruptive solutions.”
Celeno Communications is a fabless semiconductor company developing components and subsystems for high performance carrier-class WiFi systems and networks. Celeno’s breakthrough technology enables a new vision in home wireless networking by delivering high definition entertaiment and multimedia content throughout the home.
You can find more information on Celeno’s funding on Globes.