TDK Ventures Invests in 5G RAN Innovator Verana Networks
April 27, 2022 | PRNewswireEstimated reading time: 2 minutes
TDK Corporation announced that subsidiary TDK Ventures Inc. has invested in 5G infrastructure innovator Verana Networks to accelerate bringing their 5G radio access network (RAN) technology to market. Verana's solutions represent significant reduction in cost, improved performance, and more effective installation. The true potential of its approach is gaining traction with customers and investors.
As the demand for 5G data skyrockets, service providers will have to put their high-capacity millimeter wave (mmWave) spectrum into play. However, current 5G RAN products are designed for traditional cellular spectrum. Building a 5G network in mmWave spectrum with derivatives of these products has proven to be cost prohibitive. Verana is building a new 5G technology platform, from the grounds-up, with purpose-built software-defined hardware that delivers superior economics for dense outdoor small cell deployments in mmWave spectrum.
After demonstrated growth and development following a $10 million-plus A-round funding in 2020, several industry giants have taken quick interest in Verana's technology and have partnered to accelerate commercialization to improve their own 5G networks.
"We believe that our vision to dramatically improve the economics of millimeter wave deployments, and our decades of experience building innovative radio-access network products for major mobile network operators, gives us an edge in the fast-growing multi-billion-dollar market for 5G network infrastructure," said co-founder and CEO of Verana, Dr. Vedat Eyuboglu. "We are excited to have the support and backing of a sophisticated and experienced set of investors."
Verana's 5G RAN technology innovations continue a long tradition of excellence by company founders Dr. Vedat Eyuboglu and Amit Jain. This all-star team of serial entrepreneurs enabled the first all-IP 3G-based stations, first dual-mode 2G/3G small cells, and the first scalable 4G small-cell systems. With similar RAN approaches, they are already revolutionizing 5G.
"Verana has an experienced team, with a clear vision to accelerate digital transformation through the incoming megatrend that is 5G mmWave technology. Their innovative approach is accepted by experts as a game-changing way to reduce cost, and they've already established solid traction with important partners," said TDK Ventures President, Nicolas Sauvage. "The TDK Ventures team is excited to partner and further enable Verana's development. Our shared vision of a more connected world is a perfect opportunity for us to spread valued TDK Goodness and support Verana's vision to improve communication, AR/VR, and even IoT technology."
Verana's partnership with TDK Ventures begins with this investment to mature and accelerate their RAN technologies for commercialization. In addition to financial backing, TDK Ventures offers their vast network connections, including industry partners and exposure to other TDK business units. Their platform team also provides support to include early product validation, pilots, customer/channel/ecosystem access, market knowledge, operating expertise (e.g., materials, manufacturing, fabless, supply chain) and go-to-market/branding mentorship.
Suggested Items
Boeing Opens Research & Technology Center in Japan
04/23/2024 | BoeingBoeing today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050.
Schweizer Electronic Appoints Thomas Gottwald as New Member of the Executive Board
04/23/2024 | Schweizer Electronic AGThe Supervisory Board of Schweizer Electronic AG has appointed Mr. Thomas Gottwald to the Executive Board as CTO (Chief Technology Officer) for a period of 3 years with effect from 1 May 2024.
US Department of Defense Selects Intel Foundry for Phase Three of RAMP-C
04/23/2024 | IntelThe U.S. Department of Defense (DoD) has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program.
Real Time with... IPC APEX EXPO 2024: Industrial Quality Solutions from Zeiss
04/23/2024 | Real Time with...IPC APEX EXPOEditor Nolan Johnson and Herminso Gomez of Zeiss Group discuss the company's industrial quality solutions, with a focus on X-ray technology. Zeiss provides a range of microscopy options and Herminso highlights the advantages of X-ray technology for aerospace, medical, and consumer electronics sectors.
AIM Solder’s Dillon Zhu to Present on Ultraminiature Soldering at SMTA China East
04/22/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce that Dillon Zhu will present on the topic: Ultraminiature Soldering: Techniques, Technologies, and Standards at SMTA China East. This event is being held at the Shanghai World Expo Exhibition & Convention Center from April 24-25.