# Verana Networks: Wireless, Waltham, United States

> Verana Networks: Verana Networks is a technology company based in Waltham, Massachusetts, specializing in 5G Radio Access Network (RAN) solutions optimized...

Source: https://millionrounds.com/startup/verana-networks (Millionrounds; every figure on the page links to its filing or article)

United States · [Wireless startup](https://millionrounds.com/companies)

# Verana Networks

Verana Networks is a technology company based in Waltham, Massachusetts, specializing in 5G Radio Access Network (RAN) solutions optimized for millimeter wave (mmWave) spectrum.

Email

Funding reported Last round: Undisclosed round

Wireless Waltham, United States

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Company summary

- **Founded:** 2020 6 years old
- **Team:** 22 11 to 50 people
- **Funding reported:** $53M in dollars
- **Last round:** Undisclosed round Feb 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Verana Networks has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Verana Networks

Verana Networks is a technology company based in Waltham, Massachusetts, specializing in 5G Radio Access Network (RAN) solutions optimized for millimeter wave (mmWave) spectrum.

Founded by industry veterans Vedat Eyuboglu and Amit Jain, Verana aims to significantly reduce the costs associated with deploying 5G in mmWave spectrum, targeting a reduction of up to 10X. The company has developed a multi-hop self-backhauling network architecture that eliminates the need for fiber backhaul at every cell site, enabling service providers to deliver gigabit-speed 5G more efficiently. Verana's flagship products include purpose-built 5G small cells known as Mesh Radios, which provide both 5G service to end-users and wireless backhaul to create a self-extending mesh network. The company also supports mobile network operators, wireless internet service providers, and enterprises in deploying private 5G networks and fixed wireless access solutions. With a global presence and a dedicated team focused on hardware, software, and quality assurance, Verana Networks is positioned to enhance mobile network capacity and facilitate the rapid rollout of 5G applications.

## What company datasets say Verana Networks raised

Funding, as reported

Reported in all **$53M** in dollars

Rounds **5**

Last round **Undisclosed round**

Last round size **$28M**

Last round date **Feb 2023**

Investors listed **9**

SEC Form D **$9.1M sold, 1 filing, last May 2020**

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Amit Jain** Executive Officer, Director i
- **Vedat Eyuboglu** Executive Officer, Director i

On the board, as filed i *Santo Politi*

## The company, in detail

What they build

Known for

mesh radios iot connectivity fiber alternative wireless backhaul network 5g ran mmwave spectrum wireless backhaul multi-band 5g integration network capacity preservation wireless backbone for factories latency minimization information technology & services low latency networks 3gpp standards multi-hop iab system cost reduction in 5g deployment

Built with from their website

Microsoft Exchange Microsoft 365 Apps & Services GoDaddy Domains Microsoft Exchange Online Microsoft 365 Outlook Microsoft Email Providers GoDaddy Hosting

- **Sector:** Wireless
- **Industry code:** NAICS 51741, 517112, 334220, SIC 3663
- **Region:** Massachusetts
- **Revenue:** $1.2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/verana-networks)

## Wireless in United States

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- [**M87** Bellevue · founded 2013 *Raised*](https://millionrounds.com/company/m87)
- [**Alien Technology** San Jose · founded 1994](https://millionrounds.com/startup/alien-technology)
- [**Altiostar, A Rakuten Symphony Company** San Mateo · founded 2021](https://millionrounds.com/startup/altiostar-a-rakuten-symphony-company)
- [**Cohere Technologies** San Jose · founded 2011](https://millionrounds.com/startup/cohere-technologies)
- [**SpiderCloud Wireless, Inc** Milpitas · founded 2007](https://millionrounds.com/startup/spidercloud-wireless-inc)

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