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Cradlepoint raises USD 89 mln in round led by TCV

Thursday 9 March 2017 | 13:45 CET | News
Cradlepoint, a cloud-based network solution provider, raised USD 89 million during its Series C funding round, led by TCV. Cradlepoint said it will use the money to drive continued growth, especially in the enterprise wide area networking market. This may include expanding product initiatives in Software-Defined Networking (SDN), advanced 4G and 5G wireless connectivity, and enterprise Internet of Things (IoT). In connection with the financing, TCV general partner Ted Coons and TCV venture partner Doug Gilstrap will join Cradlepoint's board of directors.

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Categories: Fixed
Companies: CradlePoint
Countries: World
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