Verizon Ventures, established in 2000, is the strategic investment arm of Verizon Communications, a leading broadband and telecommunications company. Based in Basking Ridge, New Jersey, Verizon Ventures focuses on investing in early-stage companies operating in network solutions, media, consumer, and business sectors. The firm seeks to connect these startups with Verizon's extensive ecosystem, leveraging its engineering expertise and market insights to accelerate their development. Verizon Ventures' investments align with Verizon's core business, aiming to drive innovation in wireless telecommunications and related services.
Pivotal Commware, Inc. specializes in the development of software-defined antennas and radio products that leverage holographic beamforming technology to enhance network speed, capacity, and spectral efficiency. Founded in 2016 and based in Kirkland, Washington, the company provides various platforms and systems, including beamformers, 5G echo subscribers, and drone beamforming antenna systems. Its innovative technology enables multiple concurrent transmissions on the same frequency without interference, facilitating the creation of broadband wireless networks. This capability allows wireless service providers to efficiently reuse the same spectrum band simultaneously within a specific spatial area, significantly improving overall communication performance.
Verana Networks
Venture Round in 2023
Verana Networks, Inc., founded in 2019 and located in Waltham, Massachusetts, specializes in developing innovative 5G Radio Access Network solutions for service providers utilizing licensed millimeter wave (mmWave) spectrum. The company focuses on this spectrum due to its potential for significant expansion in speed and capacity, essential for the successful deployment of 5G technology. Verana's equipment aims to provide gigabit wireless connectivity, enabling mobile network operators to offer enhanced 5G services such as fixed wireless access. By delivering faster speeds and increased capacity, the company supports the creation of new applications that drive incremental revenue, which is crucial for sustaining the business case for 5G.
Wiliot
Series C in 2021
Wiliot Ltd., founded in 2017 and headquartered in San Diego, California, is a semiconductor company focused on developing innovative wireless chipsets for mobile computing. The company aims to enhance connectivity and intelligence in everyday products and packaging, integrating previously disconnected items into the Internet of Things. Wiliot's technology features a unique combination of cloud services and self-powered IoT stickers, which harvest energy from radiofrequency signals. This groundbreaking approach is utilized by major brands in the food and pharmaceutical industries, transforming the way products are manufactured, distributed, utilized, and recycled. Through its solutions, Wiliot enables clients to track their products, understand user interactions, and manage inventory efficiently.
CoreTigo
Series B in 2021
CoreTigo Ltd. specializes in developing secure wireless network systems tailored for Internet of Things (IoT) applications, particularly in industrial settings. The company's technology facilitates machine-to-machine (M2M) communication, enhancing operations in areas such as factory automation, warehouse management, and robotics. CoreTigo's product offerings include the O Link Wireless master, which enables effective data transfer and diagnostics between devices, and an IO-Link device system on module (SoM) that manages process data for actuators and sensors. By adhering to the IO-Link Wireless global standard, CoreTigo's solutions are designed to operate in challenging environments, providing reliable connectivity for a wide range of industrial devices. Their innovations promote increased flexibility, productivity, and cost-effectiveness in manufacturing processes, ultimately leading to improved operational efficiency and reduced downtime. Headquartered in Kadima, Israel, CoreTigo serves machine builders, system integrators, and industrial equipment manufacturers worldwide.
Bluegrass Cellular
Acquisition in 2020
Bluegrass Cellular is a wireless communication provider based in rural Kentucky, recognized as the first cellular carrier to offer analog cellular network services in the region, with its service commencing in May 1991. The company has expanded its network to cover 40 counties, demonstrating a commitment to enhancing connectivity in underserved areas. In October 1998, Bluegrass Cellular transitioned to digital cellular services, followed by the introduction of 2G enhanced services in November 2004 and EVDO 3G high-speed data service in late 2007. The company also offers various customer-oriented features, including a trade-in program, HD calling, DVR streaming, and flexible payment plans, all aimed at enhancing the user experience.
Wiliot
Series B in 2020
Wiliot Ltd., founded in 2017 and headquartered in San Diego, California, is a semiconductor company focused on developing innovative wireless chipsets for mobile computing. The company aims to enhance connectivity and intelligence in everyday products and packaging, integrating previously disconnected items into the Internet of Things. Wiliot's technology features a unique combination of cloud services and self-powered IoT stickers, which harvest energy from radiofrequency signals. This groundbreaking approach is utilized by major brands in the food and pharmaceutical industries, transforming the way products are manufactured, distributed, utilized, and recycled. Through its solutions, Wiliot enables clients to track their products, understand user interactions, and manage inventory efficiently.
Straight Path Communications
Acquisition in 2017
Straight Path Communications Inc. is a telecommunications company based in Glen Allen, Virginia, specializing in the ownership and licensing of millimeter wave spectrum for 5G wireless services in the United States. With an extensive portfolio of 39 GHz and 28 GHz wireless spectrum licenses, the company serves mobile network operators and internet service providers, facilitating the wireless transmission of voice and data. By leasing its spectrum licenses, Straight Path enables clients to enhance network capacity and improve the quality of high-speed data transmission. The company also explores next-generation wireless technologies through its Straight Path Ventures subsidiary and manages certain patents via its Straight Path IP Group subsidiary. Founded in 2013, Straight Path Communications operates as a subsidiary of Verizon Communications Inc. as of February 2018.
LQD WiFi
Acquisition in 2016
LQD WiFi, LLC is a technology company based in New York that focuses on developing integrated networks of community technology hubs. Established in 2014, it specializes in creating outdoor interactive displays that offer Wi-Fi connectivity while also providing essential community information, news, and emergency alerts. The company's offerings are designed to foster engagement among residents, facilitate communication between governments and constituents, and support local businesses. By serving municipalities, private developers, academic institutions, and entertainment venues, LQD WiFi aims to enhance urban spaces and contribute to the development of smart cities. The company operates as a subsidiary of Sensity Systems, Inc.
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 creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.
Kumu Networks
Series C in 2016
Kumu Networks, Inc. is a technology company based in Sunnyvale, California, that specializes in developing innovative wireless systems using full-duplex wireless design technology. Founded in 2011, the company has created a solution that allows radios to transmit and receive signals simultaneously on a single frequency channel. This groundbreaking approach enhances the performance of wireless devices and reduces complexity across various applications. By enabling multiple radios to operate in close proximity without interference, Kumu's technology allows for improved cooperation among devices and effectively mitigates self-interference. This advancement has significant implications for the wireless market, providing radiofrequency system designers with the tools necessary to optimize performance in their designs.
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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.
Sweet
Seed Round in 2015
Sweet offers a streamlined solution for consumers looking to reduce their mobile phone expenses without compromising on coverage. The company identifies potential savings for users, with many customers averaging over $300 in annual savings. Sweet simplifies the process of switching carriers, allowing customers to sign up quickly while handling the complexities of carrier negotiations on their behalf. The platform prioritizes user privacy and security, employing advanced encryption to protect personal information. By collaborating with major wireless providers, Sweet ensures nationwide coverage and reliable service. The company is supported by experienced entrepreneurs from well-known firms, further enhancing its credibility in the telecommunications market.
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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.
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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.
Hughes Telematics
Acquisition in 2012
Hughes Telematics Inc. (HTI) develops a suite of information-based and wireless services that are adaptable to any sort of vehicle platform. The HTI solutions are developed to be open source architecture, with a telmatics platform "allowing for interconnectivity between multiple content providers, call centers and in-vehicle hardware platforms." Some of the HTI values include "safety and security as the foundation," "a flexible platform for enhanced multiparty services," "a comprehensive yet simple user experience," and more. HTI also customizes to Aftermarket, Manufacturer, and Fleet solutions.
Verizon Ventures
Series B in 2010
Verizon Ventures, established in 2000, is the strategic investment arm of Verizon Communications, a leading broadband and telecommunications company. Based in Basking Ridge, New Jersey, Verizon Ventures focuses on investing in early-stage companies operating in network solutions, media, consumer, and business sectors. The firm seeks to connect these startups with Verizon's extensive ecosystem, leveraging its engineering expertise and market insights to accelerate their development. Verizon Ventures' investments align with Verizon's core business, aiming to drive innovation in wireless telecommunications and related services.
Alltel
Acquisition in 2008
Alltel is a telecommunications company based in Rockport, Texas, that offers a wide range of wireless communication services and products for both consumers and businesses. It serves various industries, including transportation, retail, insurance, healthcare, construction, and financial services. Alltel's offerings encompass wireless voice and data communication, postpaid and prepaid calling options, roaming and long-distance services, and diverse data solutions. The company provides additional services such as text and video messaging, digital gaming, radio streaming, internet access, and email. It also delivers business intelligence, field service automation, security, and systems management solutions, along with mobile handsets and accessories. As a subsidiary of Verizon Wireless and AT&T, Alltel plays a significant role in the telecommunications landscape in North America and the Caribbean.
Rural Cellular
Acquisition in 2007
Rural Cellular was a telecommunications company
Networks in Motion
Series C in 2006
Networks In Motion is a prominent wireless navigation and local search company that specializes in providing location-based services for mobile devices. Founded in 2000 and headquartered in Orange County, California, with additional offices in the EU, China, and Silicon Valley, the company supports major mobile partners worldwide, including Verizon Wireless, AAA, AT&T, and others. Its NAVBuilder platform is recognized as the most widely used mobile phone navigation service in North America. The platform delivers a comprehensive range of location-centric information, such as local directories, maps, turn-by-turn voice-prompted directions, traffic alerts, weather updates, gas prices, and entertainment schedules. This extensive offering enables users to access valuable information tailored to their specific locations, enhancing their mobile experience.
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.
Networks in Motion
Series B in 2004
Networks In Motion is a prominent wireless navigation and local search company that specializes in providing location-based services for mobile devices. Founded in 2000 and headquartered in Orange County, California, with additional offices in the EU, China, and Silicon Valley, the company supports major mobile partners worldwide, including Verizon Wireless, AAA, AT&T, and others. Its NAVBuilder platform is recognized as the most widely used mobile phone navigation service in North America. The platform delivers a comprehensive range of location-centric information, such as local directories, maps, turn-by-turn voice-prompted directions, traffic alerts, weather updates, gas prices, and entertainment schedules. This extensive offering enables users to access valuable information tailored to their specific locations, enhancing their mobile experience.
Verizon Avenue (dba Verizon Enhanced Communities)
Acquisition in 2000
Verizon Avenue Corporation is a provider of Internet, TV, and phone services to single- and multi-family residential communities, co-ops and condominiums, and multi-tenant commercial properties in the United States.
GTE
Acquisition in 1998
GTE is a provider of telecommunication products and services in the United States. It was formally known as General Telephone & Electronics Corporation. GTE operates in Canada via companies such as BC TEL and Quebec-Téléphone. Prior to GTE's merger with Bell Atlantic, GTE also maintained an interactive television service joint-venture called GTE mainStreet. GTE was established in 1918 and is based in Stamford, Connecticut.
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