Tarana Wireless Raises $50 Million Funding to Expand Its ngFWA Technology

US-based fixed wireless access (FWA) platform developer Tarana Wireless has secured a $50 million investment led by asset management firm Digital Alpha. The funding will be utilized to hire new staff across various areas of the business and finance strategically important areas.

Tarana Wireless aims to use the funding to further enhance its research and development in wireless broadband technology. Additionally, the company plans to rapidly deploy its G1 platform, which is the next generation fixed wireless access (ngFWA) platform.

CEO Basil Alwan expressed the company’s growth ambitions, stating, “We are full-on in growth mode at this moment.” Since its launch in late 2021, the G1 platform has already generated $100 million in sales during its first year and is expected to exceed this figure in 2023. The platform is currently deployed by over 270 service providers in 19 countries and across 41 US states.

Tarana Wireless intends to expand the global reach of its ngFWA technology. Alwan acknowledged Digital Alpha’s expertise in the customers’ business and described the investment as a natural and valuable partnership.

The company’s rapid growth has created new opportunities, but also increased working capital requirements. With this new financing, Tarana Wireless aims to maintain its trajectory, support customer growth, and expand its global presence.

In other news, the UK government has announced an £88 million investment in connectivity R&D, Intelsat has reached a teleport network deal with Italy’s Telespazio, and T-Mobile has signed a spectrum deal with Comcast worth up to $3.3 billion. Stay updated on broadband developments in the US by attending the Connected America event in Dallas, Texas, on March 12-13.