Accelleran accelerates 5G network rollout worldwide
Accelleran has announced a €6.8m Series B funding round led by Cogito Capital Partners, with participation of Qbic, and existing investors Capital-E and AAAF. The company will use the funding to fuel its global expansion.
As 5G network deployments accelerate across the globe and the OpenRAN system of standards gathers momentum, service providers, from mobile operators to edge computing infrastructure providers and system integrators, are turning to Accelleran's proven 4G/5G RAN cloud-native software.
5G networks provide an enhanced broadband experience with speeds of up to 1 Gbps and latency of 10ms, as well as a platform for cloud and AI-based services. According to Acumen Research, the global 5G services market is expected to exceed $250bn by 2027.
Belgium-based Accelleran provides OpenRAN Software solutions for operators of 5G networks. With Accelleran's software architecture, clients can unlock the true potential of software-defined networks, network virtualisation, and RAN intelligence to better manage private, public, and neutral-host networks.
Accelleran's dRAX delivers proven containerised software components to enable real-world deployment of multi-vendor, intelligent, and disaggregated OpenRAN, aligned with the open standards such as the O-RAN Alliance. These Cloud-Native components deliver reliable, cost-effective, and scalable solutions for both 4G and 5G networks, including artificial intelligence-based automation.
“From its inception, Accelleran has been a pioneer in applying cloud-based virtualisation 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 and domain expertise of Cogito and Qbic, and the continued support of Capital-E and AAAF, will allow us to realise our mission to become a global, independent provider of mission-critical software components for the RAN.”
“We are excited about Accelleran's prospects and impressed with the quality and scalability of the platform they’ve developed,” added Martin Jasinski, Cogito’s General Partner. “We are strong believers in the future of OpenRAN-based, private 5G networks and see Accelleran as one of the emerging global leaders in a market that is about to enter a hypergrowth phase.”
"Through this Series B funding, we are pleased to support Accelleran's further development and look forward to working with them as they address the huge market opportunity around disaggregated RAN," said Sofie Baeten, Managing Partner at Qbic.
“We look forward to continuing to support Accelleran, together with new investors, in building out key go-to-market partnerships, with particular focus on the US and European markets,” added Marc Wachsmuth, Managing Partner at Capital-E.