Verana Networks is a developer of innovative 5G radio-access networks (RAN) solutions.
Verana Networks is focused on enabling 5G in mmWave spectrum because that is where the largest amount of new spectrum is.
Verana Networks was founded in 2020 by Vedat Eyuboglu and Amit Jain. The company is headquartered in Waltham, Massachusetts.
Verana is designing a 5G radio access network (RAN) solution that can reduce the cost of building 5G in millimeter wave (mmWave) spectrum by up to 10X, enabling mobile operators to bring the promise of 5G – gigabit speeds with low latency – everywhere.
Verana's solution is based on a patent-pending network design, supports 3GPP 5G New Radio (5G-NR) specifications and Open RAN Alliance (O-RAN) interfaces. Mobile operators can use its products to offer gigabit 5G to smartphones and 5G-based fixed wireless access.
Verana is backed by Spark Capital, BOLD Capital Partners, Aspiro Capital, DC Investment Partners, Taiwania Capital, TDK Ventures, Lockheed Martin Ventures, and others. The company raised $28M in a Series B round on Apr 26, 2022. This brings Verana's total funding to $52.6M to date.