# Celona

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/celona

- Industry: Software
- Headquarters: Cupertino, US
- Website: www.celona.io
- Total disclosed funding: $100M
- Latest round: Series C (Mar 28, 2022)
- Investors on record: 6

## About

Celona Inc. specializes in private 5G network technology that enhances cellular connectivity for industrial organizations, ensuring secure and efficient operations similar to Wi-Fi.Founded in 2019 and headquartered in Cupertino, US, Celona Inc. focuses on delivering private wireless solutions. The company's founding team includes Mehmet Yavuz and Rajeev Shah, who has a history of entrepreneurship in technology. The company has successfully raised USD 60 mn in its Series C funding round on March 28, 2022, led by DigitalBridge Investment Management. Celona has engaged in a total of three deals since its inception, targeting continuous enhancements in its product offerings and market reach.Celona's primary offering is its private 5G network technology, which significantly boosts cellular connectivity for industrial organizations. This technology integrates private wireless capabilities with zero trust security, catering to industrial IoT applications across diverse sectors such as manufacturing, oil and gas, petrochemicals, retail, logistics, and transportation. Key use cases include minimizing service disruptions and providing ultra-low latency for real-time applications. Notable clients include BP, NTT DATA, and Del Conca USA, who have reported improvements in network performance and reliability.Celona generates revenue through partnerships with enterprises by offering subscription-based access to its private 5G network technology and associated services. The company provides tailored solutions for industrial connectivity needs, ensuring smooth deployment and management of private wireless networks. Customers are bound by contractual agreements for ongoing support, which encompasses installation, maintenance, and engineering support. Pricing structures are negotiated based on the specific requirements of the client, enabling customized solutions that align with their operational goals.The company aims to leverage its recent Series C funding of USD 60 mn to scale its 5G network further and enhance its research and development channels, as well as expand its sales efforts. Celona is focused on entering new markets and geographic regions, with specific plans for growth in North America and Europe. Upcoming product releases are anticipated to enhance current offerings, although specific release dates are not disclosed.

## Funding rounds

- Series C, Mar 28, 2022, $60M — Lightspeed Venture Partners, Norwest Venture Partners, Qualcomm Ventures, Cervin Ventures, NTT Venture Capital, DigitalBridge Investment Management
- Series B, Mar 9, 2020, $30M — Lightspeed Venture Partners, Norwest Venture Partners, Qualcomm Ventures, Cervin Ventures, NTT Venture Capital
- Series A, Mar 22, 2019, $10M — Lightspeed Venture Partners, Norwest Venture Partners, Cervin Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B, Series C
- Cervin Ventures (https://capitalatlas.ai/funds/cervin-ventures) — Series A, Series B, Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B, Series C
- NTT Venture Capital (https://capitalatlas.ai/funds/ntt-venture-capital) — Series B, Series C
- DigitalBridge Investment Management (https://capitalatlas.ai/funds/digitalbridge-investment-management) — Series C