TLDR:
Key Points:
- Pente Networks has announced a strategic investment by Mitsubishi Electric Corporation’s ME Innovation Fund to drive IaaS and private 5G network growth.
- The collaboration aims to accelerate global private 5G adoption and create new business opportunities across various industries.
In a recent press release, Pente Networks revealed that Mitsubishi Electric Corporation’s ME Innovation Fund has made a strategic investment in the company to drive Infrastructure-as-a-Service (IaaS) and private 5G network growth in various industries. The investment is expected to accelerate global private 5G adoption and create new business opportunities in collaboration with Mitsubishi Electric Corporation.
Pente Networks, a private wireless network orchestration and management software company, impressed Mitsubishi Electric Corporation with its unique approach to private 5G network deployment, integration, management, and scaling. The investment by the ME Innovation Fund, along with the technological expertise of both companies, is aimed at stimulating private wireless network expansion and leading the IaaS market.
Since the introduction of the HyperCore Cloud platform in January 2023, Pente has transformed private networks into a fast, affordable, and easy IT service that is being actively deployed by various organizations. The Pente HyperCore Cloud platform now manages millions of IT-grade SIMs for customers globally.
Pente’s no-code solution, the HyperCore, allows users without telecom expertise to quickly set up and operate a private network. The solutions provided by Pente are RAN agnostic, enabling plug-and-play deployment with any base station.
The collaboration with Mitsubishi Electric Corporation is expected to create synergy between the companies, particularly in industrial IoT, defense, manufacturing, shipping, transportation markets, and beyond. This partnership opens up new opportunities for business expansion in Japan and other regions.
Mitsubishi Electric Corporation, a recognized world leader in electrical and electronic equipment, launched the ME Innovation Fund in 2022 to invest in startups with breakthrough innovations. The fund aims to provide financing, business knowledge, management support, and collaborative technology opportunities to foster innovation.
