Accelleran, a global leader in 4G/5G Cloud-Native OpenRAN platforms, raises Series B financing to accelerate its growth in support of roll out of 5G networks worldwide.
Accelleran, a leading provider of OpenRAN software solutions for 4G/5G networks announced a EUR 6,8M Series B funding round led by Cogito Capital Partners, with participation of Qbic, and existing investors Capital-E and AAA.
As 5G network deployments accelerate across the globe and the OpenRAN system of standards gathers momentum, service providers from mobile operators to edge computing infrastructure providers to system integrators are turning to Accelleran’s proven 4G/5G RAN cloud-native software. 5G networks provide an enhanced broadband experience with speeds of up to 1 Gbps and latency of 10ms, as well as a platform for cloud and AI-based services. The global 5G services market is expected to reach the market value of over US$ 250Bn by 2027, according to Acumen Research.
Belgium-based Accelleran provides OpenRAN Software solutions for operators of 5G networks. With Accelleran’s unique software architecture, clients unlock the true potential of software-defined networks, network virtualization and RAN intelligence to better manage private, public and neutral host networks. Accelleran’s dRAX™ delivers proven containerized software components to enable real-world deployment of multi-vendor, intelligent and disaggregated OpenRAN, in alignment with the open standards such as the O-RAN Alliance. These Cloud-Native components deliver reliable, cost-effective and scalable solutions for both 4G and 5G networks, including artificial intelligence-based automation.
“From its inception, Accelleran has pioneered in applying cloud-based virtualization software architectures to mobile telecom, what is now commonly known as Open or Virtual RAN,” said Frederic van Durme, CEO of Accelleran. “The new financial backing and domain expertise of Cogito, Qbic and the continued support of Capital-E and AAAF, will allow us to realize our mission to become a global and independent provider of mission critical software components for the RAN.”
“Through this Series B funding, we are pleased to support Accelleran’s further development, and look forward to working with them as they address the huge market opportunity around disaggregated RAN” said Sofie Baeten, Managing Partner at Qbic.
“We are excited about Accelleran’s prospects and impressed with the quality and scalability of the platform they’ve developed,” said Martin Jasinski, Cogito’s General Partner. “We are strong believers in the future of OpenRAN-based, private 5G networks and see Accelleran as one of the emerging global leaders in a market that is about to enter a hypergrowth phase.”
“We look forward to continuing to support together with new investors Accelleran in building out key go-to-market partnerships, with particular focus on the US and European markets”, said Marc Wachsmuth, Managing Partner at Capital-E.