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
ANTWERP, Belgium,, May 5, 2021 / PRNewswire / – Accelleran, a leading provider of OpenRAN software solutions for 4G / 5G networks, announces 6.8 million euros A series of B-Series funding led by Cogito Capital Partners, involving Qbic and existing investors Capital-E and AAAF. The financing will be used by the company to stimulate its global growth.
As 5G network deployments accelerate worldwide and the OpenRAN standards system is gaining momentum, service providers from mobile operators to frontier computing infrastructure providers are turning to system integrators for Accelleran’s proven 4G / 5G RAN cloud software. 5G networks provide an enhanced broadband experience with speeds of up to 1 Gbps and a latency of 10 ms, as well as a platform for cloud and AI-based services. The global 5G services market is expected to exceed $ 250 billion by 2027, according to Acumen Research.
Belgiumbased on Accelleran provides OpenRAN software solutions for 5G network operators. With Accelleran’s unique software architecture, customers unlock the true potential of software-defined networks, network virtualization and RAN intelligence for better management of private, public and neutral host networks. Accelleran’s DRAX offers proven software components in containers to enable the real deployment of multi-vendors, intelligent and disaggregated OpenRAN, in line with open standards such as the O-RAN Alliance. These Cloud-Native components provide reliable, cost-effective and scalable solutions for both 4G and 5G networks, including automated artificial intelligence.
“Since its inception, Accelleran has pioneered the application of cloud-based software virtualization architectures to mobile telecommunications, now widely known as Open or Virtual RAN.,” said Frederick van Durme, CEO of Accelleran. “The new financial support and domain expertise of Cogito and Qbic, as well as the continued support of Capital-E and AAAF, will allow us to realize our mission to become a global, independent provider of mission-critical RAN software components.“
“We are excited about the prospects of Accelleran and impressed by the quality and scalability of the platform they have developed,” said Martin Jasinski, General Partner of Cogito. “We strongly believe in the future of OpenRAN-based private 5G networks and see Accelleran as one of the emerging global market leaders on the verge of entering a phase of overgrowth. “
“Through this B-Series funding, we are pleased to support the further development of Accelleran and look forward to working with them as they address the huge market opportunities around disaggregated RAN,” said Sophie Baeten, Managing Partner at Qbic.
“We look forward to continuing to support Accelerated, together with new investors, in building key market partnerships, with a particular focus on the US and European markets,“ said Mark Waxmuth, Managing Partner at Capital-E.
Founded in 2013 and based in Antwerp, Belgium, Accelleran provides destructive software, solutions and services for Open 4G and 5G RAN and vRAN. The company’s unique approach supports real-world cloud deployment of RAN software components on the edge, in the cloud, or embedded in RRU. Accelleran’s commitment to openness enables the deployment of multi-vendor radios and provides open RAN data for intelligence-enabled network algorithms. With strong experience as a leading team for RAN design, testing and integration in the cellular industry, Accelleran is the natural choice for network solutions and services to access radio systems in various markets such as private networks, fixed wireless network, public mobile, neutral host and IoT. For more information on Accelleran, please visit our website www.accelleran.com .
About Cogito Capital
Cogito Capital Partners is a venture capital and growth company based in Warsaw, Poland and New York, USA. Cogito is investing in the next stage of B2B technology companies, operating mainly in CEE and other European countries, but with the potential for global expansion. Cogito focuses primarily on enterprise software, fintech / insurtech and the digital healthcare sector, partnering with entrepreneurs looking for investors with a regional presence in CEE and a global reach.
For more information on Cogito, please visit our website cogitocap.com.
Qbic is an early-stage inter-university fund and agnostic sector that invests in individual investments and in young innovative enterprises with a technological connection to Qbic-related universities and knowledge centers. Qbic is managed by an independent team of investment and management experts. With around € 100 million in resources, Qbic is one of the largest mutual funds in Europe. Qbic I launched in 2012 and allocated all its resources to 18 ventures. Qbic II is now in its last investment year and has built a portfolio of 16 investments so far.
Capital-E is an early stage venture fund focused exclusively on semiconductor and system software companies related to Europe. With over 100 m € of assets under management, the funds are managed by an independent team with experience in electronics and a balanced combination of entrepreneurial, industrial and VC experience. You can get more information at www.capital-e.com.
Ark Angels Activator Fund NV (AAAF) is an ARKIV fund in the ARKimedes scheme of the Flemish investment company PMV. The fund’s shareholders are PMV, ING Belgium and 57 business angels, members of BAN Flanders. The fund has 14.8 million euros under management and has invested, together with business angels and other co-investors, in Flemish SMEs in their start-up, growth or transformation phases (www.aaafund.be).
SOURCE Accelleran NV