Verizon Communications

Verizon Communications is a global broadband and telecommunications company that provides communications, information, and entertainment products and services to consumers, businesses, and government participants worldwide. Its Consumer segment offers wireless service plans, mobile devices, home Internet, video, and voice services, as well as wireless-enabled connected devices. The Business segment delivers network connectivity, private networking, cloud and software-defined networking, Internet protocol-based voice, unified communications, collaboration tools, and security and managed services, along with installation and support. Verizon maintains a nationwide wireless network, provides fixed broadband through fiber, and sells network access to mobile virtual network operators. The company serves mass market, business, government, and wholesale customers, and pursues partnerships across devices and services. Headquartered in New York, Verizon also operates a venture arm that invests in early-stage technologies to accelerate adoption within its ecosystem, and participates in philanthropic programs focused on education and community welfare.

Chris Bartlett

Vice President

Kyle Malady

Executive Vice President and CEO, Verizon Business Group

Eyal Mamistvalov

Principal

Lowell McAdam

Chairman and CEO

Michelle McCarthy

Managing Director

Past deals in Networking

United Way of North Carolina

Grant in 2024
The United Way of North Carolina connects people, local United Ways, and resources to help individuals, families, and communities thrive in North Carolina.

Frontier Communications

Acquisition in 2024
Frontier Communications is an independent telecommunications provider offering regulated and unregulated voice, data, and video services to residential, business, and wholesale customers across the United States.

Pivotal Commware

Series D in 2023
Pivotal Commware, Inc. is a technology company specializing in the development of software-defined antennas and radios that leverage holographic beamforming technology. Founded in 2016 and based in Kirkland, Washington, the company designs products aimed at enhancing network speed, capacity, and spectral efficiency. Its offerings include platforms such as beamformers and systems for 5G echo subscribers and drone beamforming antennas. Additionally, Pivotal Commware provides intelligent beam management systems that facilitate wireless communication by enabling multiple concurrent transmissions on the same frequency without interference. This technology allows wireless service providers to optimize the use of spectrum in a given area, thereby improving broadband network performance.

Verana Networks

Venture Round in 2023
Founded in 2019, Verana Networks specializes in developing innovative 5G Radio Access Network solutions for service providers who have licensed millimeter wave spectrum. Its focus is on enabling high-speed and high-capacity 5G services to drive new applications and revenue growth.

Wiliot

Series C in 2021
Wiliot is a technology company that designs wireless chipsets and battery-free smart tags that connect physical products to digital systems. Founded in 2017 and headquartered in San Diego, California, it combines semiconductor hardware with cloud services to bring connectivity to everyday items and packaging. Its platform uses radiofrequency energy harvesting to power IoT stickers, eliminating batteries and enabling lightweight tags that can be deployed across supply chains. The approach allows brands to monitor product location, usage, and replenishment, while gathering data on distribution, sales, usage, and recycling. Through battery-free Bluetooth-enabled tags that integrate with cloud services, Wiliot aims to bridge the digital and physical worlds for consumer goods, logistics, and retail applications.

Cellwize

Series B in 2020
Cellwize specializes in accelerating next-generation mobile networks through its cloud-based automation platform, Chime. This AI-driven solution enables mobile network operators to swiftly deploy and manage 5G networks, optimize coverage, and enhance user experience across diverse environments.

Bluegrass Cellular

Acquisition in 2020
Bluegrass Cellular is a pioneering wireless carrier based in rural Kentucky, having launched its services in May 1991 with analog cellular network coverage. The company initiated its operations by establishing cellular sites in multiple locations, including Bowling Green, Glasgow, and Elizabethtown, and has since expanded to cover 40 counties within its licensed areas. In October 1998, Bluegrass Cellular transitioned to digital cellular services, followed by the introduction of enhanced 2G services in November 2004 and EVDO 3G high-speed data service in late 2007. The company also offers a range of customer-centric services, including a trade-in program, HD calling, DVR streaming, and flexible payment plans, emphasizing its commitment to providing reliable wireless communication in underserved regions.

Wiliot

Series B in 2020
Wiliot is a technology company that designs wireless chipsets and battery-free smart tags that connect physical products to digital systems. Founded in 2017 and headquartered in San Diego, California, it combines semiconductor hardware with cloud services to bring connectivity to everyday items and packaging. Its platform uses radiofrequency energy harvesting to power IoT stickers, eliminating batteries and enabling lightweight tags that can be deployed across supply chains. The approach allows brands to monitor product location, usage, and replenishment, while gathering data on distribution, sales, usage, and recycling. Through battery-free Bluetooth-enabled tags that integrate with cloud services, Wiliot aims to bridge the digital and physical worlds for consumer goods, logistics, and retail applications.

Lumina Networks

Series A in 2018
Lumina Networks, Inc. specializes in designing and developing open-source networking solutions aimed at simplifying and automating diverse network environments. Founded in 2017 and headquartered in San Jose, California, with additional offices globally, the company offers a range of products including the Lumina extension adaptation platform, Lumina SDN controller, and Lumina network resource manager. Lumina is committed to transforming how communication service providers utilize open-source platforms, enabling them to regain control over their network development and deployment. The company's solutions encompass network visibility, software-defined data centers, SD-Core, and internet-based service automation, facilitating a customer-centric approach to delivering customizable services. By leveraging open-source technologies, Lumina Networks empowers service providers to implement production-ready, intent-driven networking without vendor lock-in, fostering innovation and agility in their operations.

WideOpenWest - Fiber-Optic Network

Acquisition in 2017
WideOpenWest - Fiber-Optic Network is designed to support multiuse services.

Straight Path Communications

Acquisition in 2017
Straight Path Communications Inc. is a telecommunications company based in Glen Allen, Virginia, that specializes in owning and licensing millimeter wave spectrum for 5G wireless services in the United States. Established in 2013, the company holds a significant portfolio of 39 GHz and 28 GHz wireless spectrum licenses, which it offers to mobile network operators and internet service providers. By leasing its spectrum licenses, Straight Path enables clients to enhance network capacity and improve the quality and speed of data transmission. In addition to its core spectrum business, the company is also involved in developing next-generation wireless technology through its subsidiary, Straight Path Ventures, and manages certain patents via its Straight Path IP Group subsidiary. As of early 2018, Straight Path operates as a subsidiary of Verizon Communications Inc.

LQD WiFi

Acquisition in 2016
LQD WiFi, LLC is a technology company based in New York that specializes in creating integrated networks of interactive community technology hubs. Founded in 2014, the company develops smart city solutions that provide ubiquitous Wi-Fi connectivity through public kiosk systems designed to engage and inform residents. These outdoor interactive displays not only offer internet access but also deliver news, emergency alerts, and community information, fostering connections among individuals, local governments, and businesses. By supporting municipalities, private developers, academic institutions, and entertainment venues, LQD WiFi aims to enhance urban environments and strengthen community ties. As of November 2016, the company operates as a subsidiary of Sensity Systems, Inc.

Versa Networks

Series C in 2016
Versa Networks, Inc. is a technology company specializing in software-defined networking (SDN) and cybersecurity solutions. Established in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa focuses on providing integrated cloud, networking, and security services for enterprise and service provider customers. The company’s offerings include advanced secure access service edge (SASE) solutions that combine networking, security, and analytics, delivered through cloud, on-premises, or hybrid models. Versa's platform is designed for scalability, featuring genuine multitenancy and sophisticated management tools that help organizations optimize their wide area networks (WAN) and reduce infrastructure costs. With thousands of customers worldwide, Versa Networks is committed to simplifying and securing modern networks across a diverse range of environments.

Sensity Systems

Acquisition in 2016
Sensity Systems, Inc. is a technology company based in Sunnyvale, California, specializing in the development of a high-speed, sensor-based platform known as the Light Sensory Network (LSN). Founded in 2010 and previously known as Xeralux, the company focuses on integrating networking technology and sensors within LED luminaires to facilitate the transition to energy-efficient LED lighting. Its NetSense platform offers various applications, including lighting control, energy efficiency management, power monitoring, and maintenance services, as well as solutions for parking management, security, asset management, and retail analytics. Sensity Systems caters to a diverse clientele, including Fortune 500 companies, commercial and industrial property owners, educational institutions, municipal agencies, and healthcare facilities, both in the United States and internationally. The company has established strategic partnerships with major players, enhancing its capability to deliver comprehensive solutions that link energy efficiency with broader business objectives.

XO Communications

Acquisition in 2016
XO Communications, LLC is a telecommunications company that operates an integrated fiber optic network, providing a wide range of services in the United States and internationally. The company offers networking services such as bandwidth on demand, wide area networking, Ethernet services, and Internet access. Additionally, it provides unified communications solutions, including hosted PBX, voice over IP, and traditional voice services. XO Communications also specializes in cloud and IT services, encompassing cloud computing, hosted exchange, and colocation, along with managed security services. Its clientele includes enterprise, small, and medium businesses across various industries, including finance, healthcare, media, and retail, as well as telecommunications carriers and content providers. Founded in 2000 and based in Herndon, Virginia, XO Communications operates as a subsidiary of Verizon Communications Inc.

Veniam

Series B in 2016
Veniam is a technology company focused on enhancing future mobility and urban connectivity through intelligent networking software. It specializes in developing vehicular mesh networks that transform vehicles into Wi-Fi hotspots, thereby expanding wireless coverage in urban environments. The company supports various applications, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles, enabling new in-vehicle experiences and efficient data management. Veniam holds an extensive IP portfolio with over 140 issued patents, optimizing the use of various networks such as 4G/5G and Wi-Fi to facilitate the transfer of substantial data between vehicles and the cloud. Founded in 2012 and headquartered in Mountain View, California, Veniam operates an Engineering Center in Porto, Portugal, and has sales offices in Detroit, Munich, and Tokyo. Its mission is to improve lives by securely managing data flows within the emerging mobility ecosystem, often referred to as the Internet of Moving Things. Recognized as one of the most disruptive companies globally, Veniam collaborates with major fleets, automotive OEMs, and Tier 1 suppliers to drive innovation in connected mobility solutions.

Kumu Networks

Series C in 2016
Founded in 2011, Kumu Networks designs and manufactures wireless systems using innovative full-duplex technology. This enables radios to transmit and receive signals simultaneously on a single channel, improving performance and reducing complexity across various wireless devices.

CENX

Series D in 2015
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.

Pursuit

Grant in 2015
Pursuit is a social impact organization that runs an intensive four-year program to train adults with the greatest need and potential for their first tech jobs, career advancement, and leadership in technology. Its graduates are hired by major companies such as Pinterest, Kickstarter, LinkedIn, BlackRock, and JPMorgan Chase, and experience significant salary growth from around $18,000 to over $85,000. In addition to training and career support, Pursuit uses an operating model that combines partnerships with tech companies to retrain workers and outcomes-based funding to support its work. By connecting talent with opportunity through its network and referral approach, Pursuit aims to transform families, tech companies, and communities across the nation.

CENX

Venture Round in 2015
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.

Versa Networks

Series B in 2014
Versa Networks, Inc. is a technology company specializing in software-defined networking (SDN) and cybersecurity solutions. Established in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa focuses on providing integrated cloud, networking, and security services for enterprise and service provider customers. The company’s offerings include advanced secure access service edge (SASE) solutions that combine networking, security, and analytics, delivered through cloud, on-premises, or hybrid models. Versa's platform is designed for scalability, featuring genuine multitenancy and sophisticated management tools that help organizations optimize their wide area networks (WAN) and reduce infrastructure costs. With thousands of customers worldwide, Versa Networks is committed to simplifying and securing modern networks across a diverse range of environments.

Zenverge

Series E in 2013
Zenverge is a fabless semiconductor company that specializes in developing advanced integrated circuits (ICs) aimed at enhancing digital media products. The company's offerings focus on content storage, playback, interoperability, mobility, and networking, catering to the evolving demands of the digital media landscape. Founded by seasoned industry veterans with extensive experience in the semiconductor sector, Zenverge has successfully delivered ICs used in millions of digital media devices. Its products are designed to meet the complex requirements of the entire media flow, from broadcasting to home consumption. Target markets include service provider set-top boxes, media gateways, consumer electronics like Blu-ray players and HDTVs, as well as media PCs and video networking equipment. Zenverge leverages its patented TransAll technology to support the next generation of video services, positioning itself as a key player in the digital media ecosystem. The company is privately held and supported by prominent investors.

EdgeCast Networks

Acquisition in 2013
EdgeCast Networks is a content delivery network (CDN) that specializes in accelerating and delivering both static and dynamic content to users globally. The company has expanded its offerings to include front-end optimization, DNS services, and eCommerce solutions, positioning itself as a comprehensive web performance provider. With a diverse clientele that includes major brands like Yahoo!, Tumblr, Pinterest, Twitter, WordPress, and Hulu, EdgeCast supports approximately 6,000 customers and handles around 6% of the world's Internet traffic. The company's innovative services cater to various media content delivery needs, including cloud security and video streaming, establishing it as a leader in the industry.

Zenverge

Venture Round in 2012
Zenverge is a fabless semiconductor company that specializes in developing advanced integrated circuits (ICs) aimed at enhancing digital media products. The company's offerings focus on content storage, playback, interoperability, mobility, and networking, catering to the evolving demands of the digital media landscape. Founded by seasoned industry veterans with extensive experience in the semiconductor sector, Zenverge has successfully delivered ICs used in millions of digital media devices. Its products are designed to meet the complex requirements of the entire media flow, from broadcasting to home consumption. Target markets include service provider set-top boxes, media gateways, consumer electronics like Blu-ray players and HDTVs, as well as media PCs and video networking equipment. Zenverge leverages its patented TransAll technology to support the next generation of video services, positioning itself as a key player in the digital media ecosystem. The company is privately held and supported by prominent investors.

CENX

Venture Round in 2012
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.

Zenverge

Series D in 2011
Zenverge is a fabless semiconductor company that specializes in developing advanced integrated circuits (ICs) aimed at enhancing digital media products. The company's offerings focus on content storage, playback, interoperability, mobility, and networking, catering to the evolving demands of the digital media landscape. Founded by seasoned industry veterans with extensive experience in the semiconductor sector, Zenverge has successfully delivered ICs used in millions of digital media devices. Its products are designed to meet the complex requirements of the entire media flow, from broadcasting to home consumption. Target markets include service provider set-top boxes, media gateways, consumer electronics like Blu-ray players and HDTVs, as well as media PCs and video networking equipment. Zenverge leverages its patented TransAll technology to support the next generation of video services, positioning itself as a key player in the digital media ecosystem. The company is privately held and supported by prominent investors.

Terremark Worldwide

Acquisition in 2011
Terremark Worldwide is a provider of managed IT infrastructure solutions, specializing in virtualization and utility computing technologies. The company offers a range of services, including colocation, disaster recovery, security, hosting, compliance management, and data protection, catering to various clients such as carriers, internet service providers, government entities, and multinational enterprises. Terremark's colocation services involve providing space, power, and secure facilities, along with the installation and maintenance of complex network environments. Additionally, the company designs, deploys, operates, and manages IT infrastructures, encompassing websites, enterprise resource planning tools, and databases. Its offerings also include Infinistructure, a virtualized computing platform, and digitalOps, a service delivery software for managing colocation and network services. Furthermore, Terremark provides exchange point services, which encompass interconnect and peering services. Founded in 1982, Terremark is headquartered in Miami, Florida, and has been integrated into Verizon Communications.

Bug Labs

Funding Round in 2011
Bug Labs is a technology company based in New York that specializes in developing tools and solutions for the Internet of Things (IoT) and machine-to-machine (M2M) communication. The company's flagship product is BUG, a modular hardware system that allows users to create custom digital devices by combining various modules such as LCD screens, cameras, GPS units, and sensors. Bug Labs also offers Swarm, a REST-based messaging platform for IoT, and dweet and freeboard, software platforms for data storage, alerts, and user management. Additionally, the company provides prototyping services including systems integration, hardware solution design, and application development workshops, as well as private labeling services to support custom website development and mobile applications. Bug Labs serves a diverse clientele, including Fortune 100 companies, developers, and non-technical innovators.

ConteXtream

Series B in 2010
ConteXtream is a privately held software company based in Santa Clara, California, specializing in cloud-based network virtualization technology. It offers a pioneering framework that enables network operators to enhance the performance and profitability of their broadband networks through proven virtualization and grid technologies. The company's Service Delivery Grid is designed to deliver higher network performance at a lower cost per subscriber, allowing operators to customize applications for individual subscribers, thereby creating a highly personalized user experience. ConteXtream's carrier-grade network visualization technology is utilized by Tier-1 operators, facilitating the elastic connection of subscribers to services and enabling the virtualization of functions on standard server hardware, ultimately replacing traditional proprietary systems.

4Home

Funding Round in 2010
4Home is a technology company specializing in software and services for original equipment manufacturer (OEM) networking hardware partners and broadband service providers. The company has developed an XML-based platform that enables these partners to deliver various applications and services into the connected home. 4Home's solutions allow users to automate numerous tasks, such as remotely monitoring their homes, accessing web content on TVs, controlling home systems via mobile phones, managing all home devices and digital media through a unified interface, and tracking energy usage at the device level. The company envisions "home control services" as the next suite of offerings for major broadband providers, encompassing areas like home monitoring, media and entertainment management, home health, and energy management. 4Home was recognized with five CES 2008 Innovation awards.

Flash Networks

Series F in 2006
Flash Networks Ltd., founded in 1996 and based in Herzliya, Israel, specializes in mobile Internet optimization and monetization solutions for telecommunications operators. The company provides a range of services, including radio spectral efficiency solutions, data congestion control, and cybersecurity measures, aimed at enhancing user experience and operational efficiency. With its intelligent Internet services gateway, Flash Networks helps operators optimize data traffic and implement targeted marketing strategies, which can lead to substantial cost savings. The company's technology focuses on improving radio resource management, enabling operators to serve more users effectively while reducing operational expenses. Flash Networks has established a global presence with offices in Europe, Asia, and North America, serving top-tier mobile carriers such as O2, Orange, and Verizon Wireless. As of August 2020, it operates as a subsidiary of Volaris Group Inc.

Super Computer International

Funding Round in 2006
Super Computer International, founded in 2001 and based in Atlanta, Georgia, specializes in the development of high-performance server clustering technologies specifically tailored for the online gaming industry. The company offers a range of products, including gaming client applications, on-game display technologies, and backend infrastructure that support high-speed multiplayer video gaming. Additionally, Super Computer International provides an integrated gaming portal named Orion and a Private Label Partner program, which allows partners to offer online game server hosting services. Its clientele includes game publishers, developers, multimedia companies, software retailers, and other entities within the gaming sector.

Qwest Wireless Spectrum - Network Assets

Acquisition in 2005
Qwest Wireless Spectrum - Network Assets includes spectrum licenses in 62 markets in 14 western and mid-western states, covering a population of 30.8 million people. These licenses, all in the 1900 MHz PCS frequency range, average nearly 10 MHz per market. The transaction also includes Qwest Wireless' network switching centers, cell sites and related network equipment, which operate on the CDMA standard, the same as the Verizon Wireless network.

MCI

Acquisition in 2005
MCI Communications was a prominent telecommunications service provider in the United States, specializing in a wide range of communication services for businesses, governments, and individuals. Founded in 1963, the company initially operated microwave relay stations and offered two-way radio services. Through a strategy of mergers and acquisitions, MCI expanded rapidly, becoming the second-largest telecommunications company in the U.S. by 1990. Its services included local and long-distance calling, internet access, voice mail, equipment-managed network services, and data services, which facilitated effective remote collaboration for its clients. However, MCI faced challenges due to U.S. regulatory laws and was ultimately acquired by WorldCom in 1997 in a deal valued at $34.7 million.

GTE

Acquisition in 1998
GTE, originally known as General Telephone & Electronics Corporation, is a telecommunications provider based in Stamford, Connecticut, established in 1918. The company offers a range of telecommunication products and services primarily in the United States, with operations extending to Canada through subsidiaries such as BC TEL and Quebec-Téléphone. In addition to its telecommunications services, GTE has a history of involvement in manufacturing test, measurement, and control instruments for various applications. These products include data loggers, fiber scopes, force gauges, gas detectors, and various types of meters such as pressure gauges and thermometers. GTE has also engaged in joint ventures, notably an interactive television service prior to its merger with Bell Atlantic.
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