About Verana Networks
Verana Networks is a company based in Chelmsford (United States) founded in 2020 by Amit Jain and Vedat Eyuboglu. Verana Networks has raised $43.5 million across 3 funding rounds from investors including Lockheed Martin, Verizon and DC Investment Partners. The company has 77 employees as of April 07, 2024. Verana Networks offers products and services including Mesh Radios. Verana Networks operates in a competitive market with competitors including Movandi, Gapwaves, Blue Danube Systems, Taoglas and Antenna Company, among others.
- Headquarter Chelmsford, United States
- Employees 77 as on 07 Apr, 2024
- Founders Amit Jain, Vedat Eyuboglu
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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- Legal Name Verana Networks (India) Private Limited
- Date of Incorporation 16 Jun, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.95 M (USD)75.98as on Mar 31, 2023
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Net Profit
$503.98 K (USD)56.78as on Mar 31, 2023
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EBITDA
$909.24 K (USD)53.85as on Mar 31, 2023
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Total Equity Funding
$43.5 M (USD)
in 3 rounds
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Latest Funding Round
$28 M (USD), Series B
Apr 26, 2022
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Investors
Lockheed Martin
& 7 more
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Employee Count
77
as on Apr 07, 2024
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Products & Services of Verana Networks
Verana Networks offers a comprehensive portfolio of products and services, including Mesh Radios.
Provides 5G service and wireless backhaul for mmWave networks.
People of Verana Networks
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Funding Insights of Verana Networks
Verana Networks has successfully raised a total of $43.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $28 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Verana Networks
Verana Networks has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Lockheed Martin, Verizon and DC Investment Partners.
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Venture capital fund investing in early & growth-stage companies
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Spark Capital is engaged in venture capital investments.
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Early-stage life sciences and tech focused VC firm investing primarily in the US
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Investor details for Verana Networks
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Investments & Acquisitions by Verana Networks
Investment portfolio details for Verana Networks
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Financial Statements - Verana Networks
Detailed financials for Verana Networks
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Verana Networks Comparisons
Peer comparison for Verana Networks
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Competitors of Verana Networks
Verana Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Movandi, Gapwaves, Blue Danube Systems, Taoglas and Antenna Company, among others.
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5G antenna solutions with integrated beamforming technology are developed.
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Developer of mm-wave antenna systems for automotive radar and 5G applications
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Wireless antenna solutions to increase capacity
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Provider of advanced antenna and RF solutions
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Antenna solutions for wireless communications and embedded systems are provided.
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Infrastructure solutions for mobile networks are provided.
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Detailed competitors of Verana Networks
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Latest news on Verana Networks
Complete news archive for Verana Networks
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Frequently Asked Questions about Verana Networks
Verana Networks was founded in 2020.
Verana Networks is headquartered in Chelmsford, United States. It is registered at Chelmsford, Massachusetts, United States.
Vedat Eyuboglu is the current CEO of Verana Networks. They have also founded this company.
Verana Networks is a funded company, having raised a total of $43.5M across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Verana Networks is 77.
Annual revenue of Verana Networks is $4.95M as on Mar 31, 2023.
Verana Networks was established in 2020 and is headquartered in Chelmsford, United States. Operations focus on the telecommunications sector, where networks and energy-related telecommunication services are delivered. The company is led by co-founders Amit Jain and Vedat Eyuboglu, who serves as CEO. Services encompass infrastructure support for energy and network communications, with activities centered in the U.S. market.
Verana Networks offers Mesh Radios.
Verana Networks has 8 investors. Key investors include Lockheed Martin, Verizon, DC Investment Partners, Spark Capital, and Bold Capital Partners.