Celeno raised $10 Million for Wi-Fi Innovation
3 January, 2019
The investment, joined by Celeno's existing shareholders, will support Celeno's product development and expansion in Europe
The European venture capital firm Iris Capital has led a strategic investment of US$10 million in the Wi-Fi solutions innovator Celeno from Ra’anan, Israel. The investment, joined by Celeno’s existing shareholders, will support Celeno’s product development and expansion in Europe. Celeno’s Wi-Fi chipsets are used by OEM customers such as ARRIS, Compal and Samsung in home gateways, routers, set-top boxes, Wi-Fi access points and extenders. The smart Wi-Fi technologies provided by Celeno include advanced Quality of Service management, multi-AP mesh management and smart antenna technology to intelligently connect each device in the home to the others, in order to achieve true Gigabit speeds.
The growing reliance on Wi-Fi as infrastructure and subscribers viewing Wi-Fi more as a utility than an add-on are causing the demand for Gigabit Wi-Fi to skyrocket, challenging standard equipment that was not designed for this. Early 2019, Celeno will unveil its next generation Wi-Fi 6 chipset which will include industry-first innovations, including Elastic MIMO, a world-first capability set to revolutionize access-point equipment design by cutting costs and size while doubling the performance.
“Iris Capital is a leading European VC that will help expand our market leadership by leveraging their connections, expertise, and influence,” said Gilad Rozen, Founder and CEO of Celeno. Iris Capital is a European VC specialized in the digital economy. It provides active support to its portfolio companies, through its offices in Paris, Berlin, San Francisco, Tel Aviv, Tokyo and Dubai.
Celeno’s Technology is based on hardware ans software: Its Argus RF and DSP-based spectrum analyzer and intelligence engine is embedded in the silicon as are Smart Antenna Steering (SAS) algorithms that enhance the performance and coverage in different environments, ranges and interferences. The OptimizAIR Software defined Wi-Fi Virtualization enables prioritized airtime management via dynamic allocation of Wi-Fi resources, while ControlAIR Smart Multi-AP Wi-Fi Controller enables multiple smart Wi-Fi access points to work better together.illion