Pente Networks, a Petach Tikva, Israel-developer of IT-friendly personal enterprise LTE/5G options for service suppliers and finish clients, raised $10m in Sequence A funding.
The spherical was led by INcapital Ventures, with participation from different personal traders together with present investor Magma Ventures and International Mind.
Established in 2015, Pente offers an enterprise grade LTE/5G Cell Core & Administration Platform. With deep data of telecom and enterprise options and expertise in constructing networks and enterprise functions for dozens of enterprises and cellular operators, the corporate has a rising accomplice ecosystem with main system integrators, service suppliers, and gear producers targeted on delivering end-to-end, wi-fi communications options to enterprises.
The brand new capital follows a seed spherical and brings Pente’s complete funding to this point to over $15 million. The corporate additionally introduced it has established a North American headquarters in Hackensack, New Jersey, U.S.A., and is increasing its authentic headquarters in Israel.
Avi Cohen has joined the corporate as Chief Govt Officer, after co-founding and driving the expansion of LiveU, the place he most not too long ago served as Chief Working Officer. Jonathan Schwartz has been named Chief Technical Officer, a job he has been enjoying because the inception of the corporate, Roy Timor-Rousso has been named Chief Advertising Officer, driving most of the firm’s methods within the Americas, together with Latin America, in addition to in Europe, Asia, and different areas.
Working with MVNOs, WISPs, MSPs and SIs, Pente has been augmenting and changing conventional enterprise networks with simplified, ultra-fast and ultra-secure wi-fi broadband options, together with CBRS, as the usage of unlicensed spectrum turns into extra available.
Pente will proceed to develop its core know-how dev staff in Israel, whereas specializing in technique, enterprise growth, buyer success, gross sales, and advertising within the U.S., given its successes within the North American area.
The corporate is actively recruiting proficient gross sales, pre-sales engineering, buyer success, and advertising professionals primarily based within the U.S., whereas additionally deepening its ecosystem of know-how, integration, and gross sales channel companions.