Verizon Ventures

Verizon Ventures is the investment arm of Verizon Communications, focused on identifying and investing in innovative entrepreneurial companies that address significant technological challenges faced by Verizon's consumer and enterprise customers. Over the past decade, Verizon Ventures has invested in more than forty companies across various industries and market segments. The organization provides its portfolio companies with substantial support, including assistance in technology and product development, market planning, and sales strategies, as well as access to Verizon's extensive networks and platforms. By leveraging the expertise of experienced investment professionals and a dedicated venture development team, Verizon Ventures fosters connections between innovators and the strategic and financial resources necessary to advance their businesses.

Samy Ben Aissa

Managing Director

Tom Arnost

Principal

Christopher Bartlett

Senior Vice President, CFO and Head of Strategy

Jeffrey Black

Executive Director / Senior Managing Director

Thomas Camp

Principal

Michael Denning

VP Global Security

Marah Dudenhoeffer

Principal

Corey Gutshall

Principal

Winston Lin

Principal

Kyle Malady

Executive Vice President and CEO

Eyal Mamistvalov

Principal

Michelle Russey McCarthy

Managing Director

Ajay Patel

Principal

Gal Ringel

Principal

Kristina Serafim

Managing Director

Tony Skiadas

EVP and CFO

Past deals in Telecommunications

Casa Systems

Post in 2022
Casa Systems, Inc. is a communications technology company that specializes in providing advanced solutions for broadband and wireless networks across various global regions, including North America, Latin America, Europe, and Asia-Pacific. Founded in 2003 and headquartered in Andover, Massachusetts, the company offers a range of products, including converged cable access platforms, wireless network core products, optical access solutions, and devices for fixed wireless access. Its technology supports next-generation network architectures, enabling cable operators to deliver interactive digital video and broadband IP services efficiently. Casa Systems also provides third-generation DOCSIS products and intelligent video processing solutions, allowing for the seamless integration of video and IP data services. The company focuses on utilizing disruptive technologies to enhance network performance and meet the evolving demands of the telecommunications market.

CoreTigo

Series B in 2021
CoreTigo Ltd. specializes in developing secured wireless network systems designed to support Internet of Things (IoT) nodes with minimal latency. Their technology facilitates machine-to-machine communication, which is essential for applications in various sectors, including factory automation, warehouse management, and transportation. CoreTigo's products include the O Link Wireless master, which enables the cyclic transfer of parameters and diagnostic information to automation systems, and the IO Link device system on module (SoM), responsible for process data management in actuators and sensors. The company's solutions aim to simplify industrial automation, enhance safety in manufacturing environments, and improve operational efficiency, ultimately allowing clients to optimize production and manage their operations more effectively. CoreTigo is headquartered in Kadima, Israel.

Origin Wireless

Venture Round in 2021
Origin Wireless is a m2m (machine to machine) services company providing solutions to various industries and verticals. Specializing in communication platforms for service related B2B (business to business) and B2C (business to consumer) solutions. These services may include risk assessment and monitoring, customer service communication and monitoring, integrated management and reporting services, end-user gateways and dashboards.

Origin AI

Venture Round in 2021
Origin Wireless aims to deliver smart radios for smart life by developing advanced wireless technologies for a wide range of applications, including the world's first centimeter accuracy indoor positioning or tracking, indoor monitoring, security, radio human biometrics, wireless power transfer, and 5G communications. The technologies take advantage of unavoidable but rich multi-paths in signal propagation and the physics of time-reversal that resonate with the environment to focus signal energy to specific positions through Origin’s Waveforming technology.

Cellwize

Series B in 2020
Cellwize Wireless Technologies Pte Ltd. specializes in developing self-organizing network (SON) solutions for mobile network operators across multiple vendors and wireless technologies. Founded in 2012 and headquartered in Singapore, Cellwize offers its elastic-SON platform, which is deployed on private clouds, to enhance network performance and user experience. The platform addresses the challenges of inconsistent networks by enabling them to become user-centric and efficient. Additionally, Cellwize provides a centralized SON solution that communicates directly with the cloud to manage network elements effectively. Its innovative Chime platform utilizes AI-driven automation and orchestration to facilitate the rapid deployment of 5G networks, helping operators optimize their investments and streamline operations. The company serves clients in Europe, APAC, and LATAM, positioning itself as a key player in the evolving landscape of mobile communication technology.

Bluegrass Cellular

Acquisition in 2020
Bluegrass Cellular is a wireless communication provider based in rural Kentucky, recognized as the first cellular carrier to offer analog cellular network services in the region, with its service commencing in May 1991. The company has expanded its network to cover 40 counties, demonstrating a commitment to enhancing connectivity in underserved areas. In October 1998, Bluegrass Cellular transitioned to digital cellular services, followed by the introduction of 2G enhanced services in November 2004 and EVDO 3G high-speed data service in late 2007. The company also offers various customer-oriented features, including a trade-in program, HD calling, DVR streaming, and flexible payment plans, all aimed at enhancing the user experience.

TracFone Wireless

Acquisition in 2020
TracFone Wireless, Inc. is a provider of prepaid wireless phone services based in Miami, Florida. Founded in 1996, the company offers a range of services including international long-distance calling, voicemail, text messaging, and technical support. TracFone operates on a no-contract basis, allowing customers to retain unused data, texts, and minutes through its unlimited carryover feature. It sells cell phones and airtime cards online and through retail locations across the United States, Hawaii, Alaska, and Puerto Rico. As a subsidiary of America Movil, TracFone aims to deliver flexible telecommunications solutions that cater to diverse lifestyles and budgets, empowering millions of Americans to stay connected.

Lumina Networks

Series A in 2018
Lumina Networks, Inc. specializes in designing and developing open-source networking solutions aimed at simplifying and automating complex networks. Founded in 2017 and headquartered in San Jose, California, with additional offices in Australia, Canada, the United Kingdom, Ireland, and India, the company offers a range of products, including the Lumina SDN controller and network resource manager, as well as solutions for network visibility and software-defined data centers. Lumina is committed to empowering service providers by transitioning open software networking from theoretical concepts to practical applications, enabling them to regain control over their network infrastructure. By leveraging open-source platforms such as OpenDaylight, Lumina facilitates the development and implementation of production-ready, intent-driven networking systems while promoting a customer-centric approach to service delivery. The company also provides NetDev services to enhance collaboration and knowledge transfer in agile software development.

Straight Path Communications

Acquisition in 2017
Straight Path Communications Inc. is a telecommunications company based in Glen Allen, Virginia, specializing in the ownership and licensing of millimeter wave spectrum for 5G wireless services in the United States. With an extensive portfolio of 39 GHz and 28 GHz wireless spectrum licenses, the company serves mobile network operators and internet service providers, facilitating the wireless transmission of voice and data. By leasing its spectrum licenses, Straight Path enables clients to enhance network capacity and improve the quality of high-speed data transmission. The company also explores next-generation wireless technologies through its Straight Path Ventures subsidiary and manages certain patents via its Straight Path IP Group subsidiary. Founded in 2013, Straight Path Communications operates as a subsidiary of Verizon Communications Inc. as of February 2018.

Telogis

Acquisition in 2016
Telogis is a cloud-based Mobile Enterprise Management (MEM) software company that specializes in providing solutions for dynamic routing, real-time work order management, navigation, telematics, and mobile integration services for mobile workforces. Established in 2001 and headquartered in Aliso Viejo, California, Telogis operates development and support centers across Australia, New Zealand, Latin America, Europe, and North America. The company’s innovative approach aims to deliver quick returns on investment while enhancing driver safety, operational efficiency, and minimizing the environmental impact of commercial vehicles. Telogis has a global presence, with its products and services utilized in over 100 countries.

Volicon

Acquisition in 2016
Volicon, Inc. specializes in enterprise media intelligence solutions tailored for broadcasters, networks, cable operators, and government entities. The company's flagship product, the Observer Media Intelligence Platform, includes applications for content creation, compliance monitoring, advertising verification, and quality of service monitoring. This platform supports efficient workflows for video on demand, social media, and linear production. Additionally, Volicon offers tools for proactive monitoring and recording of linear and on-demand services through its Observer Remote Program Monitor. The Video Monitoring Network provides capabilities for multi-channel video streaming, content analytics, and service monitoring. Founded in 2004 and based in Burlington, Massachusetts, Volicon markets its solutions through partnerships and distributors. It has been operating as a subsidiary of Verizon Digital Media Services since 2016.

XO Holdings

Acquisition in 2016
XO Holdings operates through its subsidiary, XO Communications, LLC, which provides a range of telecommunications services in the United States and internationally. The company manages an integrated fiber optic network that delivers various networking solutions, including bandwidth on demand, wide area networking, and Internet access. It specializes in unified communications, offering services such as hosted PBX, voice over IP, and traditional voice services. Additionally, XO Communications provides cloud computing, colocation, and managed services, along with security solutions and wholesale services targeting telecommunications carriers and other service providers. Its clientele includes enterprise, small, and medium businesses across various sectors, such as finance, healthcare, media, and retail. Founded in 2000 and headquartered in Herndon, Virginia, XO Communications operates as a subsidiary of Verizon Communications Inc.

Veniam

Series B in 2016
Veniam specializes in transforming vehicles into Wi-Fi hotspots, creating vehicular networks that enhance wireless coverage in urban areas. Founded in 2012 and headquartered in Mountain View, California, the company develops vehicular mesh networks that facilitate the secure management of data flows within an evolving mobility ecosystem. Veniam's solutions combine hardware, software, and cloud components to deliver services to intelligent transportation systems in cities like New York and Singapore, as well as in Porto, Portugal, where it operates the world’s largest connected vehicle network, including taxis, waste collection trucks, and public buses, providing free Wi-Fi to over 500,000 users. By leveraging these networks, Veniam aims to improve urban mobility and enhance the overall quality of life in cities.

Kumu Networks

Series C in 2016
Kumu Networks, Inc. is a technology company based in Sunnyvale, California, that specializes in developing innovative wireless systems using full-duplex wireless design technology. Founded in 2011, the company has created a solution that allows radios to transmit and receive signals simultaneously on a single frequency channel. This groundbreaking approach enhances the performance of wireless devices and reduces complexity across various applications. By enabling multiple radios to operate in close proximity without interference, Kumu's technology allows for improved cooperation among devices and effectively mitigates self-interference. This advancement has significant implications for the wireless market, providing radiofrequency system designers with the tools necessary to optimize performance in their designs.

ItsOn

Series D in 2015
ItsOn, Inc. is a provider of a cloud-based software platform designed to enhance the performance of mobile networks for service and content providers. Founded in 2008 and headquartered in Redwood City, California, ItsOn enables real-time service customization, allowing businesses to offer smart mobile services tailored to specific user demographics and device types. The platform enhances brand awareness for mobile partners and improves targeted app placement, while also providing consumers and enterprise managers with real-time visibility and control over voice, text, and data usage. ItsOn has developed solutions for wireless carriers, including key accounts, and has been recognized for launching the first end-to-end solution for virtual policy and billing in 2014. The company serves a diverse clientele, including mobile operators, OEMs, OS suppliers, retailers, brands, and consumers both in the United States and internationally.

CENX

Series D in 2015
CENX, provides interconnect services for the new generation of Ethernet-based backhaul networks. Awarded by multiple leading publications for its innovation, CENX's Ethernet Backhaul Management Service aggregates and translates different Ethernet backhaul services from multiple access providers to all cell sites in a given market. CENX provides a normalized Carrier Ethernet handoff to a given wireless provider enabling ubiquitous 4G-LTE Ethernet backhaul coverage to all cell sites in that market. CENX manages the entire circuit life cycle, yielding better quality of service, reduced CapEx and a level of monitoring of Ethernet Backhaul service traffic that has not been feasible previously. CENX's investors include its management and a number of leading firms, including DCM (whose co-founder, Dixon Doll, is the Chairman of the CENX Board of Directors), Highland Capital Partners and Mesirow Financial. Through its work in the MEF (Metro Ethernet Forum) and in the industry, the CENX management team has played a critical role in the definition of standards and the development of the Carrier Ethernet market over the past ten years.

CENX

Venture Round in 2015
CENX, provides interconnect services for the new generation of Ethernet-based backhaul networks. Awarded by multiple leading publications for its innovation, CENX's Ethernet Backhaul Management Service aggregates and translates different Ethernet backhaul services from multiple access providers to all cell sites in a given market. CENX provides a normalized Carrier Ethernet handoff to a given wireless provider enabling ubiquitous 4G-LTE Ethernet backhaul coverage to all cell sites in that market. CENX manages the entire circuit life cycle, yielding better quality of service, reduced CapEx and a level of monitoring of Ethernet Backhaul service traffic that has not been feasible previously. CENX's investors include its management and a number of leading firms, including DCM (whose co-founder, Dixon Doll, is the Chairman of the CENX Board of Directors), Highland Capital Partners and Mesirow Financial. Through its work in the MEF (Metro Ethernet Forum) and in the industry, the CENX management team has played a critical role in the definition of standards and the development of the Carrier Ethernet market over the past ten years.

Newlans

Series B in 2014
Newlans, Inc. is a fabless semiconductor company based in Acton, Massachusetts, specializing in programmable analog signal processing solutions. Founded in 2003, the company has developed advanced programmable silicon-on-insulator capacitors and components designed for integration into tunable radio frequency front end (RFFE) solutions. Its technology enhances radio frequency analog design by enabling feedback and programmability, which reduces costs, optimizes performance, and increases functionality. Newlans primarily serves smartphone original equipment manufacturers and RFFE module suppliers, addressing the growing demand for tunable solutions amid the expansion of global 4G LTE bands and the adoption of Carrier Aggregation. As a subsidiary of Newtel Essence B.V., Newlans is positioned to meet the evolving needs of the mobile communications industry.

CENX

Venture Round in 2012
CENX, provides interconnect services for the new generation of Ethernet-based backhaul networks. Awarded by multiple leading publications for its innovation, CENX's Ethernet Backhaul Management Service aggregates and translates different Ethernet backhaul services from multiple access providers to all cell sites in a given market. CENX provides a normalized Carrier Ethernet handoff to a given wireless provider enabling ubiquitous 4G-LTE Ethernet backhaul coverage to all cell sites in that market. CENX manages the entire circuit life cycle, yielding better quality of service, reduced CapEx and a level of monitoring of Ethernet Backhaul service traffic that has not been feasible previously. CENX's investors include its management and a number of leading firms, including DCM (whose co-founder, Dixon Doll, is the Chairman of the CENX Board of Directors), Highland Capital Partners and Mesirow Financial. Through its work in the MEF (Metro Ethernet Forum) and in the industry, the CENX management team has played a critical role in the definition of standards and the development of the Carrier Ethernet market over the past ten years.

Hughes Telematics

Acquisition in 2012
Hughes Telematics Inc. (HTI) develops a suite of information-based and wireless services that are adaptable to any sort of vehicle platform. The HTI solutions are developed to be open source architecture, with a telmatics platform "allowing for interconnectivity between multiple content providers, call centers and in-vehicle hardware platforms." Some of the HTI values include "safety and security as the foundation," "a flexible platform for enhanced multiparty services," "a comprehensive yet simple user experience," and more. HTI also customizes to Aftermarket, Manufacturer, and Fleet solutions.

Terremark Worldwide

Acquisition in 2011
Terremark Worldwide is a provider of managed IT infrastructure solutions that leverage virtualization and utility computing technologies. The company specializes in colocation, disaster recovery, security, hosting, compliance management, and data protection services. Its clientele includes carriers, internet service providers, government entities, multinational enterprises, and other end users. Terremark offers comprehensive colocation services, which include space, power, and specialized facilities, along with the installation and maintenance of complex network environments. The company also designs, deploys, operates, monitors, and manages clients' IT infrastructures and data environments, covering websites, enterprise resource planning tools, databases, and secure network operations centers. Additionally, Terremark provides Infinistructure, a virtualized computing platform, and digitalOps, a software tool for managing colocation, hosting, and network services. The firm also offers exchange point services, encompassing interconnect and peering services. Founded in 1982, Terremark is headquartered in Miami, Florida.

ConteXtream

Series B in 2010
ConteXtream is a privately held software company delivering the industry’s first cloud-based network virtualization framework that enables network operators to leverage the power of proven virtualization and grid technologies to extract more value and profitability from their broadband networks. The ConteXtream Service Delivery Grid delivers higher network performance at a lower cost per subscriber while enabling operators to customize applications on a per-session, per- subscriber basis for a unique, highly personalized subscriber experience. Headquartered in Santa Clara, Calif., ConteXtream is backed by leading Silicon Valley and global investors including Benhamou Global Ventures, Gemini Israel Funds, Norwest Venture Partners and Sofinnova Ventures as well as Comcast Interactive Capital and Verizon Investments.

Verizon

Series B in 2010
Verizon Communications Inc. is a major player in the telecommunications industry, offering a wide range of communication, information, and entertainment services to consumers, businesses, and governmental entities globally. The company operates America’s largest wireless network, serving over 108 million retail connections, and provides both postpaid and prepaid service plans, as well as Internet access and wireless devices, including smartphones and tablets. Its residential services include Internet, video, and voice solutions, while its business segment offers network connectivity products, Internet protocol-based voice services, and various management and data security services. Verizon is also involved in innovation through strategic partnerships and investments in emerging technology companies. Founded in 1983 and headquartered in New York, Verizon has evolved from its origins as Bell Atlantic Corporation and continues to shape the way people and organizations connect.

Alltel

Acquisition in 2008
Alltel is a telecommunications company based in Rockport, Texas, that offers a range of wireless communication services, products, and solutions to both consumers and businesses. The company caters to various industries, including transportation, retail, insurance, healthcare, construction, and financial services. Alltel's wireless offerings encompass voice and data communication, postpaid and prepaid calling cards, roaming and long-distance services, and data solutions. Additionally, the company provides text and video messaging, digital gaming, radio streaming, internet access, and email services. Its business solutions include business intelligence, field service automation, security, and systems management, alongside a selection of mobile handsets and accessories. Alltel operates as a subsidiary of Verizon Wireless and AT&T.

Entropic

Funding Round in 2008
Entropic (NASDAQ: ENTR) is a world leader in semiconductor solutions for the connected home. The Company transforms how traditional HDTV broadcast and IP-based streaming video content is seamlessly, reliably, and securely delivered, processed, and distributed into and throughout the home. Entropic's next-generation Set-top Box (STB) System-on-a-Chip (SoC) and Connectivity solutions enable Pay-TV operators to offer consumers more captivating whole-home entertainment experiences by transforming the way digital entertainment is delivered, connected and consumed – in the home and on the go.

Flash Networks

Series E in 2006
Flash Networks Ltd. specializes in mobile Internet optimization and monetization solutions, enabling operators to enhance user experience while reducing operational costs. Founded in 1996 and based in Herzliya, Israel, the company offers a range of services including radio spectral efficiency, data congestion control, and cybersecurity. Flash Networks also provides solutions for subscriber engagement, roaming data management, and traffic optimization for video streaming and web services. With a presence in Europe, Asia, and North America, the company supports a diverse clientele of top-tier mobile carriers, helping them improve network efficiency and generate additional revenues from mobile Internet services. As of August 2020, Flash Networks operates as a subsidiary of Volaris Group Inc.

Flash Networks

Series F in 2006
Flash Networks Ltd. specializes in mobile Internet optimization and monetization solutions, enabling operators to enhance user experience while reducing operational costs. Founded in 1996 and based in Herzliya, Israel, the company offers a range of services including radio spectral efficiency, data congestion control, and cybersecurity. Flash Networks also provides solutions for subscriber engagement, roaming data management, and traffic optimization for video streaming and web services. With a presence in Europe, Asia, and North America, the company supports a diverse clientele of top-tier mobile carriers, helping them improve network efficiency and generate additional revenues from mobile Internet services. As of August 2020, Flash Networks operates as a subsidiary of Volaris Group Inc.

Networks in Motion

Series C in 2006
Networks In Motion is a wireless navigation and local search company that specializes in providing location-based services for mobile partners globally. Founded in 2000 and headquartered in Orange County, California, the company has established a strong presence with offices in Europe, China, and Silicon Valley. Networks In Motion's NAVBuilder platform is recognized as the most widely used mobile phone navigation service in North America. The company caters to a diverse range of partners, including major telecommunications providers and local search platforms, by delivering innovative solutions for GPS-enabled mobile phones.

Qwest Wireless Spectrum - Network Assets

Acquisition in 2005
Qwest Wireless Spectrum - Network Assets includes spectrum licenses in 62 markets in 14 western and mid-western states, covering a population of 30.8 million people. These licenses, all in the 1900 MHz PCS frequency range, average nearly 10 MHz per market. The transaction also includes Qwest Wireless' network switching centers, cell sites and related network equipment, which operate on the CDMA standard, the same as the Verizon Wireless network.

MCI

Acquisition in 2005
MCI Communications, founded in 1963, was a prominent telecommunications service provider in the United States, known for its extensive range of services catering to businesses, governments, and individuals. The company initially operated microwave relay stations and offered two-way radio services to truck drivers and barges. It grew rapidly through a strategy of mergers and acquisitions, ultimately becoming the second-largest telecommunications company in the U.S. by 1990. MCI provided a variety of communication solutions, including local and long-distance calling, internet access, voicemail, and managed network services, enabling clients to effectively conduct business remotely. However, regulatory challenges led to difficulties for the company, culminating in its acquisition by WorldCom in 1997 for $34.7 billion.

Networks in Motion

Series B in 2004
Networks In Motion is a wireless navigation and local search company that specializes in providing location-based services for mobile partners globally. Founded in 2000 and headquartered in Orange County, California, the company has established a strong presence with offices in Europe, China, and Silicon Valley. Networks In Motion's NAVBuilder platform is recognized as the most widely used mobile phone navigation service in North America. The company caters to a diverse range of partners, including major telecommunications providers and local search platforms, by delivering innovative solutions for GPS-enabled mobile phones.

Verizon Avenue (dba Verizon Enhanced Communities)

Acquisition in 2000
Verizon Avenue Corporation is a provider of Internet, TV, and phone services to single- and multi-family residential communities, co-ops and condominiums, and multi-tenant commercial properties in the United States.

GTE Corporation

Acquisition in 2000
GTE Corporation, through its subsidiaries, provides integrated telecommunications services.

GTE

Acquisition in 1998
GTE is a provider of telecommunication products and services in the United States. It was formally known as General Telephone & Electronics Corporation. GTE operates in Canada via companies such as BC TEL and Quebec-Téléphone. Prior to GTE's merger with Bell Atlantic, GTE also maintained an interactive television service joint-venture called GTE mainStreet. GTE was established in 1918 and is based in Stamford, Connecticut.
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