California-based fixed wireless specialist Tarana Wireless said it raised a further USD 30 million in preferred stock financing led by new investor Prime Movers Lab. Others participating in the round included new investors Liberty Latin America Ventures and Liberty Global Ventures, as well as individual and previous investors. Tarana said intends to use the proceeds to continue customer trials of its Gigabit 1 (G1) wireless broadband system and to prepare for and commence the commercial launch of its G1 products, designed to enable rapid deployment of new broadband services.
The company added that it is currently engaged with a number of providers in the Rural Digital Opportunity Fund (RDOF) bidding process in the US, using CBRS and 5 GHz spectrum, along with multinational companies focused on mainstream markets in both the US and globally.
