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DigitalBridge Ventures leads $60m Series C funding round for 5G technology innovator Celona
Infrastructure - MARCH 28, 2022

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DigitalBridge Ventures leads $60m Series C funding round for 5G technology innovator Celona

by Andrea Zander

DigitalBridge Group announced that DigitalBridge Ventures, its recently announced venture-capital initiative, has led a $60 million Series C funding round in Celona, the first enterprise networking company to bridge the gap between LTE/5G cellular wireless and enterprise IT infrastructure.

The global private LTE/5G infrastructure market, which is forecast to grow more than five times to almost $6 billion by 2024, reported IDC WorldWide Private LTE/5G Infrastructure Revenue Snapshot.

In November 2020, Celona launched its fully integrated 5G LAN platform, purpose built to help organizations easily deploy, operate and integrate a 5G cellular network within existing infrastructures. Earlier this month, Celona and Verizon Business launched a partnership to provide turn-key private networking solutions that will accelerate enterprise 5G adoption across a wide variety of use cases for Celona’s technology, including factory automation, distance learning, real-time i

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