Mobile Edge Computing Pioneer Saguna Networks Secures 5 Million Dollars in Funding Round Led by CE Ventures
Yokneam, May 23, 2016 – Saguna Networks, the Mobile Edge Computing (MEC) pioneer making mobile broadband faster, simpler and more agile, announced today that it closed a new $5 million financing round led by CE Ventures and supported by the company’s existing shareholders. Saguna will use the funding to expand the company’s MEC offering and global market presence.
Saguna helps mobile operators improve user experience, network economics and monetization by bringing distributed cloud-computing into the Radio Access Network (RAN); as close as possible to mobile users. With Saguna’s solution, mobile operators can deploy new revenue generating services for content delivery, Internet of Things (IoT), retail and enterprise applications.