Saguna Networks closes $5 mln financing led by CE Ventures

Saguna Networks, the Yoqneam, Israel, producer of technology to make mobile broadband faster and more efficient, closed a $5 million financing round led by CE Ventures of Hong Kong with participation by the company’s current holders. Saguna said in a statement that it would use the funding to expand the company’s mobile-edge computing offering and global market presence. Saguna says its solution enables mobile operators to “deploy new revenue-generating services for content delivery, Internet of Things, retail and enterprise applications.”

Source: Press Release