Network technology provider Altiostar has closed a $114m series C round after Rakuten added to Qualcomm Ventures and Tech Mahindra's contributions.
US-based virtual radio access network technology provider Altiostar Networks officially completed a $114m series C round on Wednesday after confirming e-commerce firm Rakuten had joined the round.
Altiostar initially raised $32m from Tech Mahindra and Qualcomm Ventures, respective subsidiaries of conglomerate Mahindra and Mahindra and mobile chipmaker Qualcomm, in a January 2018 first tranche.
Rakuten’s involvement was first reported in February 2019, though it remains unclear whether the company provided the full $82m extension.
Founded in 2011 as Radio…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
