Israel’s Saguna Networks, a Mobile Edge Computing company that makes mobile broadband faster, simpler and more economical, announced that it closed a financing round led by SoftBank Ventures Korea Corp. (SBVK) and Akamai Technologies supported by Saguna’s existing investors. Saguna will use the funding to expand the company’s presence in North America, Asia and Europe as well as accelerate product development.
Saguna Networks powers Smart Mobile Networks by bringing an open cloud computing platform deep into the Radio Access Network. With Saguna CODS Open-RAN, mobile operators can provide an incredibly fast user experience while improving network economics and reducing congestion. Saguna opens the mobile network enabling mobile operators to monetize their networks and differentiate their offering through new partnerships and revenue-generating services. Founded in 2008, Saguna Networks is a privately held company.
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Saguna boasts that it helps mobile operators improve user experience, monetization and network economics by bringing internet content and applications into the Radio Access Network (RAN); as close as possible to mobile users. The Saguna CODS Mobile Edge Computing platform creates secure and direct fast-track connections between internet content providers and web applications to mobile users and promotes network-aware content optimization with real-time feedback.
“With a combined understanding of mobile network conditions and the content and applications traversing the cellular network, a CDN supports a business model where mobile network operators and over-the-top (OTT) content providers develop smarter applications and create new revenue streams, ” said Lior Netzer, vice president and general manager, Emerging Mobile Business Unit, Akamai.
“Working together with Saguna, through both Akamai’s investment and technology collaboration, is intended to help broaden the possibilities presented by Saguna’s pioneering Mobile Edge Computing solution. Interestingly, Akamai and Saguna have already demonstrated the first CDN operating inside the mobile base station as a proof of concept and are actively exploring new collaborative opportunities. Further, I look forward to joining the Saguna board as an observer.”
“At Saguna, we are proud that industry leaders like Akamai Technologies and SoftBank Ventures Korea Corp. have chosen to invest in our company and the continued support of our existing investors. This is a testament to the value presented by Saguna’s Mobile Edge Computing technology for improving the user experience, improving economics and monetizing mobile networks, ” said Lior Fite, CEO, Saguna Networks.