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A startup from four telecom veterans is launching from stealth with $30 million in funding to make it easy for companies to use private 5G networks for more secure work or complex automation

Mobile networks startup Celona, founded by four telecom veterans, just launched out of stealth with a $30 million Series B for products that make it easier for enterprises to use networks that are faster, more reliable, and more secure than 4G: Private 5G networks.




Celona's cloud software makes 5G private networks 10 times cheaper than they would otherwise be, the firm claims.




In its 18 months, Celona has raised a total of $40 million and is valued at $109 million, according to Pitchbook.




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A startup from four telecom veterans is launching from stealth with $30 million in funding to make it easy for companies to use private 5G networks for more secure work or complex automation


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Big companies long anticipated the arrival of 5G private networks. While the promise of 5G networks is speedier connections, a private 5G network means more privacy and that a firm also wouldn't have to deal with anyone else using the network and slowing things down. This opens up a wealth of possibilities, like factories automating high-risk procedures without worrying about lag or hospitals sending sensitive medical information to labs securely.At the end of 2019, Deloitte analysts predicted that more than a hundred companies would experiment with private 5G networks by the end of this year. Companies like Ford and Honeywell are already testing them in their warehouses and factories to make processes more efficient.Now, a fresh-from-stealth startup called Celona wants to take a bite out of the 5G enterprise market, which market research firm Polaris estimates is worth $1.32 billion. The startup has raised a $30 million Series B round of funding for a slew of products that aims to make private 5G networks more easily accessible to factories, security firms, warehouses, and other enterprises. While the firm declined to share its valuation, PitchBook lists it at $109 million.
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