# Celeno Communications (Israel)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/celeno-communications-israel

- Industry: Semiconductors
- Headquarters: Ra'anana, Israel
- Website: www.celeno.com
- Total disclosed funding: $115M
- Latest round: Series G (Jan 2, 2019)
- Investors on record: 11

## About

Celeno Communications specializes in advanced Wi-Fi technologies, providing innovative solutions to enhance connectivity and network performance for residential and enterprise markets.Founded in 2005 and headquartered in Ra'anana, Israel, Celeno Communications develops wireless communication technologies focused on improving network performance. The company was fully acquired by Renesas Electronics Corporation for USD 315 mn in cash in October 2021, with deal completion in December 2021. CEO Gilad Rozen leads the company, which has successfully executed 12 separate funding rounds up to the recent acquisition.Celeno Communications offers a comprehensive portfolio of Wi-Fi solutions designed to optimize connectivity and performance in various environments, particularly focusing on the residential and enterprise sectors. Their products include chipsets and software that enable high-speed wireless communications, catering to the growing demand for reliable and efficient wireless networks.Celeno Communications generates revenue primarily through B2B sales of its Wi-Fi technology solutions to manufacturers and service providers. The company engages in direct sales and partnerships, allowing flexibility for clients to procure its products based on their specific needs. Revenue is bolstered by ongoing collaborations for integrated solutions that enhance network capabilities.Following the acquisition by Renesas Electronics Corporation, Celeno Communications is set to leverage its resources to enhance product development and expand its market reach. The company is focused on designing new Wi-Fi solutions aimed at emerging markets and plans to introduce several innovative products by the end of 2023. Recent funding will be allocated to support research and development initiatives, particularly in next-generation wireless technologies, aimed at broadening their footprint in both North America and Europe.

## Funding rounds

- Series G, Jan 2, 2019, $10M — IRIS, Cisco Systems, Liberty Global Capital
- Series F, Sep 7, 2016, $38M — Pitango, Vintage Investment Partners, Cisco Systems, Liberty Global Capital, Poalim Equity, Miven Venture Partners, 83 North, OurCrowd, Red Dot Capital Partners
- Series F, Oct 26, 2015 — 83 North
- Series E, Aug 28, 2012, $24M — Pitango, Vintage Investment Partners, Cisco Systems, Liberty Global Capital, 83 North
- Series D, Nov 12, 2010, $12M — Pitango, Cisco Systems, Miven Venture Partners, Liberty Global Ventures, 83 North
- Series C, Jul 28, 2008, $16M — Pitango, Cisco Systems, Miven Venture Partners, 83 North
- Series B, Mar 19, 2007, $14M — Pitango, 83 North

## Investors

- Pitango (https://capitalatlas.ai/funds/pitango) — Series B, Series C, Series D, Series E, Series F
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C, Series D, Series E, Series F
- Cisco Systems — Series C, Series D, Series E, Series F, Series G
- Miven Venture Partners (https://capitalatlas.ai/funds/miven-venture-partners) — Series C, Series D, Series F
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series D
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series E, Series F
- Liberty Global Capital — Series E, Series F, Series G
- Poalim Equity — Series F
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series F
- Red Dot Capital Partners (https://capitalatlas.ai/funds/red-dot-capital-partners) — Series F
- IRIS (https://capitalatlas.ai/funds/iris) — Series G