Hexagon Wireless has closed a $2 million seed round capital raise, with participation from Hypersphere Ventures, Mechanism Capital, Superfluid Group, Inc., and strategic angel investors including Mahesh Ramakrishnan and Salvador Gala, formerly of Apollo and Ribbit Capital.
Founded by the former president of O’Leary Ventures — Alex Kenjeev — Hexagon Wireless is a company building at the intersection of wireless technology and crypto, in an emerging industry called decentralized wireless, which is the building and maintaining wireless networks. By allowing anyone to purchase and deploy hardware that creates wireless coverage, decentralized wireless hopes to democratize ownership of and access to spectrum and internet connectivity. Such networks also offer data transfer and connectivity at much cheaper rates than current, centralized networks. This is because the massive costs of labor, rent, and spectrum purchases are distributed to each deployer of a decentralized wirele