Accelleran raises Series B financing to accelerate 5G growth

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Accelleran, a provider of OpenRAN software solutions for 4G/5G networks, has announced a €6.8m Series B funding round led by Cogito Capital Partners.

The money raised will be used to fund the company's expansion at a time when 5G network deployments are accelerating and the OpenRAN system of standards gathers momentum.

Service providers, including mobile operators and edge computing infrastructure providers, are using Accelleran's 4G/5G RAN cloud-native software to help unlock the potential of software-defined networks, network virtualization, and RAN intelligence in order manage private, public, and neutral-host networks.

The company's dRAX delivers containerised software components to enable the deployment of multi-vendor, intelligent, and disaggregated OpenRAN, aligned with the open standards such as the O-RAN Alliance. These Cloud-Native components are able to deliver both a cost-effective and scalable solution for both 4G and 5G networks, including artificial intelligence-based automation.

“Accelleran has been a pioneer in applying cloud-based virtualization software architectures to mobile telecom, what is now commonly known as Open or Virtual RAN,” said Frederic van Durme, CEO of Accelleran. “The new financial backing will allow us to realise our mission to become a global, independent provider of mission-critical software components for the RAN.”