Federated Wireless secured $58 million in Series D funding led by an affiliate of Cerberus Capital. Existing investors Allied Minds and GIC, Singapore’s sovereign wealth fund, also participated in the round. This brings Federated’s total funding raised to $210 million.
Cerberus advisor Shaygan Kheradpir has joined the Federated Wireless board of directors. Chris Swan, most recently chief revenue officer with Dispersive, has joined as chief commercial officer to drive sales, marketing and customer care. And Loren Buck, previously with Nisos, joins Federated as chief financial officer.
Speaking with Fierce in November 2021, Federated Wireless CEO Iyad Tarazi said, “Federated is a software company that provides SAS controllers. We’re about 40-45% of the market.”
In a statement today, Tarazi said, “Private wireless will deliver the type of transformation for enterprises that the cloud delivered for IT infrastructure. This investment will enable us to scale our spectrum platforms, invest in commercialization and accelerate private wireless market adoption.”
In addition to private wireless use cases, its spectrum-sharing technology can also be used for network densification and mobile offload.
The company is currently working on capabilities for spectrum sharing in the 6 GHz range, which has been opened up for unlicensed Wi-Fi use. When the FCC decided to open the 6 GHz band, the agency also called for an automated frequency coordination (AFC) system to manage the spectrum and prevent interference. Federated is one of several companies that have applied to become an AFC system operator.
RELATED: FCC tees up AFC for 6 GHz band
Federated says it has more than 350 customers and over 85,000 connected devices across the U.S. and territories. Its customer base spans defense, government, manufacturing, telecommunications, utilities, real estate and education.
Noteworthy for telecom readers, Federated's customers include Charter, Comcast and Verizon.
GIC’s Chief Investment Officer of Public Equities Bryan Yeo said, “As a long-term investor, we are confident that the global demand for bandwidth will continue to grow, and Federated Wireless is providing essential technologies and services to lead in this space.”
Federated is also collaborating with other companies on spectrum sharing and edge compute technologies, including AWS, Intel, HPE-Aruba, JMA Wireless and Cisco.