BelAir Networks, a provider of mobile wireless broadband mesh network solutions, announced on Monday that it has secured a $21.4 million Series D financing round, led by Ventures West Management Inc. Trilogy Equity Partners also participated in this round. “In the last year, BelAir has landed top-tier customers in each of its target markets – municipal, cable, and cellular,” said Sam Znaimer, Senior Vice President, Ventures West Management Inc. “This funding will give BelAir expanded resources with which to respond to strong market demand and to accelerate its sales and marketing initiatives.” Existing investors Comcast Interactive Capital, T-Mobile Venture Fund, Panorama Capital (formerly JPMorgan Partners), VenGrowth Capital Partners Inc., BDC Venture Capital, and MMV Financial also participated in this round. In addition to the equity financing, MMV Financial also provided a $5 million venture loan. According to the press release, the capital received from this financing will support BelAir Networks in the municipal networks market. The funds will also be used to continue the company’s sales and marketing activities in the cable and cellular industries, and to further expand into international markets. BelAir’s wireless broadband mesh technology is deployed in more than 150 networks worldwide.

The Daily

Subscribe

DISH Tags Oracle for 5G Architecture Help

DISH Wireless has tapped Oracle to enable a service-based architecture for the 5G core of its OpenRAN-based network. The architecture will allow network services to be rapidly incorporated into new

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jun 10
The FAXIES Awards – Virtual CelebrationSave the Date! - June 10, 2021
Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.