Mavenir Raises $100M to Drive Innovation

Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, has announced the closing of a $100 million capital raise, following its successful $250 million fundraise in 2022.

The financing supports Mavenir’s innovation-focused strategy, enabling the digitization of telco networks with cloud-native applications that include IMS, Converged Packet Core and Open RAN.

The fundraising round was anchored by Siris, a leading technology focused private equity firm and Mavenir’s largest equity holder, along with investment from two highly strategic ecosystem partners.

Pardeep Kohli, President and CEO of Mavenir, commented: “This new capital will allow us to accelerate our capabilities in automation, sustainability, and use of AI as we enable our customers to efficiently deploy and operate Open RAN based end-to-end cloud-native networks. Our unique strategy incorporates best practices from the hyperscale, cloud and IT industries, to transform how the world connects and builds the future of networks.”

“Importantly, this investment enables Mavenir to further scale its business and maintain its leadership in Open RAN and 5G transformation,” said Hubert de Pesquidoux, a Siris Executive Partner and Executive Chairman of Mavenir. “We firmly believe in the automated networks of the future that are cloud-native, AI-native and Green-native, and we are confident that Mavenir’s innovations are essential in driving that evolution.”

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud.

As the industry’s only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers.