Total amount raised
$35 Millions
Latest funding date
03/01/2015
Location
Title
Cohere Technologies has successfully raised significant funding over multiple rounds, positioning itself as a key player in the wireless communication industry. The company offers innovative solutions like the Universal Spectrum Multiplier and OTFS for Multi-G networks.
Keep reading to explore the intricacies of Cohere Technologies' fundraising journey and the investors backing this cutting-edge platform.
What Is Cohere Technologies?
Cohere Technologies, founded in 2011, is headquartered in San Jose, California. The company was established by Shlomo Rakib and Ronny Hadani.
Specializing in advanced wireless communication technologies, Cohere Technologies focuses on enhancing network performance through innovative software solutions. Their key products include the Universal Spectrum Multiplier (USM) and OTFS for programmable Multi-G networks.
With a dedicated team, Cohere Technologies continues to push the boundaries of wireless communication, aiming to improve coverage and spectral efficiency across various network generations.
How Much Funding Has Cohere Technologies Raised?
- Amount Raised: $35 million Date: March 2021 Lead Investors: Telstra Valuation at Round: Not publicly disclosed Motivation Behind the Round: To accelerate the development and deployment of their Universal Spectrum Multiplier technology.
- Amount Raised: $10 million Date: June 2018 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To expand their research and development efforts in OTFS technology.
- Amount Raised: $20 million Date: January 2016 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To support the commercialization of their wireless communication solutions.
Total Amount Raised: $65 million
Current Valuation: Not publicly disclosed
Key Investors
Here are some of the major investors in Cohere Technologies:
- Telstra
- Details: Telstra is Australia's leading telecommunications and technology company, offering a full range of communications services. It has a strong presence in the Asia-Pacific region.
- Investment Focus Areas: Telecommunications, technology, media.
- Notable Investments: Telstra Ventures, Ooyala, DocuSign.
- NEA (New Enterprise Associates)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. It has over $20 billion in committed capital.
- Investment Focus Areas: Technology, healthcare, software.
- Notable Investments: Coursera, Robinhood, Uber.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.
- Investment Focus Areas: Enterprise, consumer, healthcare.
- Notable Investments: Snap, Nest, Grubhub.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, a world leader in next-generation mobile technologies.
- Investment Focus Areas: Mobile, wireless, AI.
- Notable Investments: Zoom, Waze, Fitbit.
- Telstra Ventures
- Details: Telstra Ventures is a strategic venture capital firm backed by Telstra, focusing on technology and innovation.
- Investment Focus Areas: Technology, software, digital media.
- Notable Investments: Box, BigCommerce, Whispir.
What's Next for Cohere Technologies?
As Cohere Technologies looks to the future, the opportunities in the rapidly evolving telecommunications sector are immense. With the ongoing expansion of 5G and the advent of Multi-G networks, the demand for advanced wireless communication solutions is set to skyrocket. Cohere's innovative technologies, such as the Universal Spectrum Multiplier, position the company to capitalize on these trends, potentially transforming network performance on a global scale.
Given the substantial market potential, future fundraising rounds seem likely. These funds could fuel further research and development, enabling Cohere to stay ahead in a competitive industry. However, challenges such as regulatory hurdles and the need for continuous innovation remain. Navigating these obstacles will be crucial for Cohere Technologies as it strives to maintain its leadership in wireless communication.
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