Saguna gets funding from SoftBank and Akamai

Saguna-gets-funding-from-SoftBank-and-AkamaiSaguna Networks has closed funding led by SoftBank Ventures Korea (SBVK) and Akamai Technologies and supported by Saguna’s existing investors.

Saguna will use the funding to expand the company’s presence in North America, Asia and Europe as well as accelerate product development.

Saguna helps mobile operators improve user experience, monetization and network economics by bringing internet content and applications into the Radio Access Network (RAN); as close as possible to mobile users.

The Saguna CODS Mobile Edge Computing platform creates secure and direct fast-track connections between internet content providers and web applications to mobile users and promotes network-aware content optimization with real-time feedback.

“We are delighted that Saguna Networks will be SoftBank Ventures Korea first investment in Israel. Driven by users’ needs to feel constantly connected, mobile traffic is set to undergo explosive growth in the next 5 years with operators increasingly turning to technology to address bottlenecks. Saguna’s Open RAN is a compelling solution enabling operators to meet their critical future needs,” said Daniel Kang, COO, SBVK.

“Interestingly, Akamai and Saguna have already demonstrated the first CDN operating inside the mobile base station as a proof of concept and are actively exploring new collaborative opportunities,” Lior Netzer, vice president and general manager, Emerging Mobile Business Unit, Akamai.

“At Saguna, we are proud that industry leaders like Akamai Technologies and SoftBank Ventures Korea have chosen to invest in our company and the continued support of our existing investors. This is a testament to the value presented by Saguna’s Mobile Edge Computing technology for improving the user experience, improving economics and monetizing mobile networks,” Said Lior Fite, CEO, Saguna Networks.

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