# Airspan Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/airspan-networks

- Industry: Telecoms
- Headquarters: Boca Raton, US
- Website: www.airspan.com
- Total disclosed funding: $40M
- Latest round: Series C (Sep 1, 2009)
- Investors on record: 5

## About

Airspan Networks, Inc. is a telecommunications company based in the US, specializing in intelligent wireless networks that offer high-speed connectivity and scalable solutions for diverse environments and industries.Founded in 1992 in Boca Raton, US, Airspan Networks, Inc. provides advanced wireless technology solutions. The company has transitioned its strategy over the years, and its latest funding round was a Public to Private deal, raising a total of USD 85.40 mn. The company's leadership includes CEO Eric Stonestrom and Lamnei Haokip, guiding it through strategic growth and development. The firm has completed 7 deals, with the most recent deal occurring on July 19, 2000, during its IPO for USD 75 mn.Airspan's primary offerings focus on intelligent wireless networks that are engineered for speed, scalability, and security. The company specializes in providing tailored end-to-end solutions, addressing specific challenges in connectivity across various environments. Their product line includes indoor solutions, such as Small Cells and Distributed Antenna Systems (DAS), designed for seamless connectivity in a range of spaces from small buildings to large venues like stadiums. Additionally, Airspan offers outdoor solutions, including energy-efficient Macro Open Radio Units (RUs) and Fixed Wireless Access (FWA) solutions, aimed at delivering reliable broadband in both urban and remote areas. Their innovations extend to Air-to-Ground networks and programmable Open RAN, catering to industries like aviation, drones, and defense applications. Airspan serves a diverse client base, including telecom operators, private network providers, and enterprises seeking enhanced connectivity solutions in markets across North America, Europe, and Asia.For the year 2023, Airspan Networks, Inc. generated a revenue of USD 77.57 mn, while reporting an EBITDA of USD -67.82 mn. The company's revenue strategy includes a combination of direct sales, partnerships, and subscription-based models, which ensures a diversified transaction structure that supports strong client relationships.Airspan Networks plans to advance its product offerings with the launch of new wireless solutions in the upcoming quarters, aiming to enhance its service portfolio. The company is targeting expansion into new geographic regions, particularly Europe and Asia, by the end of 2024. The recent funding of USD 85.40 mn will be utilized to support these initiatives, furthering its strategic objectives and enhancing its market presence.

## Funding rounds

- Series C, Sep 1, 2009, $10M — Oak Investment Partners
- Series B, Dec 6, 1998, $30M — CRV, InterWest Partners, RHO, Hunt Financial

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series B
- InterWest Partners (https://capitalatlas.ai/funds/interwest-partners) — Series B
- RHO (https://capitalatlas.ai/funds/rho) — Series B
- Hunt Financial — Series B
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C