United Way of North Carolina
Grant in 2024
The United Way of North Carolina connects people, local United Ways, and resources to help individuals, families, and communities thrive in North Carolina.
Frontier Communications
Acquisition in 2024
Frontier Communications is an independent telecommunications provider offering regulated and unregulated voice, data, and video services to residential, business, and wholesale customers across the United States.
Pivotal Commware
Series D in 2023
Pivotal Commware, Inc. is a technology company specializing in the development of software-defined antennas and radios that leverage holographic beamforming technology. Founded in 2016 and based in Kirkland, Washington, the company designs products aimed at enhancing network speed, capacity, and spectral efficiency. Its offerings include platforms such as beamformers and systems for 5G echo subscribers and drone beamforming antennas. Additionally, Pivotal Commware provides intelligent beam management systems that facilitate wireless communication by enabling multiple concurrent transmissions on the same frequency without interference. This technology allows wireless service providers to optimize the use of spectrum in a given area, thereby improving broadband network performance.
Verana Networks
Venture Round in 2023
Founded in 2019, Verana Networks specializes in developing innovative 5G Radio Access Network solutions for service providers who have licensed millimeter wave spectrum. Its focus is on enabling high-speed and high-capacity 5G services to drive new applications and revenue growth.
Cellwize specializes in accelerating next-generation mobile networks through its cloud-based automation platform, Chime. This AI-driven solution enables mobile network operators to swiftly deploy and manage 5G networks, optimize coverage, and enhance user experience across diverse environments.
ProtectWise
Acquisition in 2019
ProtectWise is a Denver-based company that specializes in cloud-powered network detection and response (NDR) solutions. Founded in April 2013, it provides organizations with advanced analytics capabilities for cloud, hybrid, and enterprise traffic, enabling real-time and retrospective threat detection. The platform captures and indexes full-fidelity packets indefinitely, creating a searchable network memory that enhances incident response and threat hunting. By utilizing machine learning and flow-based traffic algorithms, ProtectWise allows security professionals to identify threats as they occur and to uncover previously unknown threats through retrospective analysis. The company is led by a team of experienced professionals from the security and SaaS sectors, having launched the Immersive Security movement in 2017 to innovate within the security industry.
Lumina Networks
Series A in 2018
Lumina Networks, Inc. specializes in designing and developing open-source networking solutions aimed at simplifying and automating diverse network environments. Founded in 2017 and headquartered in San Jose, California, with additional offices globally, the company offers a range of products including the Lumina extension adaptation platform, Lumina SDN controller, and Lumina network resource manager. Lumina is committed to transforming how communication service providers utilize open-source platforms, enabling them to regain control over their network development and deployment. The company's solutions encompass network visibility, software-defined data centers, SD-Core, and internet-based service automation, facilitating a customer-centric approach to delivering customizable services. By leveraging open-source technologies, Lumina Networks empowers service providers to implement production-ready, intent-driven networking without vendor lock-in, fostering innovation and agility in their operations.
WideOpenWest - Fiber-Optic Network
Acquisition in 2017
WideOpenWest - Fiber-Optic Network is designed to support multiuse services.
Streamroot
Venture Round in 2017
Streamroot, Inc. is a technology company specializing in peer-to-peer video streaming solutions aimed at enhancing content delivery for various applications, including live events, video conferencing, and on-demand services. Founded in 2013 and headquartered in Boston, Massachusetts, Streamroot has developed its proprietary technology, Streamroot DNA™, which utilizes a distributed delivery network to optimize video streaming. This innovative platform allows content providers to achieve significant cost reductions in delivery expenses—between 55% and 85%—while improving the quality of experience for viewers through faster and more reliable streams. Streamroot serves a diverse clientele, including notable media organizations such as DailyMotion, Canal+, and Eurosport, reaching over five million viewers daily. As of September 2019, Streamroot operates as a subsidiary of CenturyLink, Inc., with additional offices in New York and Paris, reflecting its international presence and commitment to addressing the challenges posed by increasing video traffic on the internet.
LQD WiFi
Acquisition in 2016
LQD WiFi, LLC is a technology company based in New York that specializes in creating integrated networks of interactive community technology hubs. Founded in 2014, the company develops smart city solutions that provide ubiquitous Wi-Fi connectivity through public kiosk systems designed to engage and inform residents. These outdoor interactive displays not only offer internet access but also deliver news, emergency alerts, and community information, fostering connections among individuals, local governments, and businesses. By supporting municipalities, private developers, academic institutions, and entertainment venues, LQD WiFi aims to enhance urban environments and strengthen community ties. As of November 2016, the company operates as a subsidiary of Sensity Systems, Inc.
Versa Networks
Series C in 2016
Versa Networks, Inc. is a technology company specializing in software-defined networking (SDN) and cybersecurity solutions. Established in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa focuses on providing integrated cloud, networking, and security services for enterprise and service provider customers. The company’s offerings include advanced secure access service edge (SASE) solutions that combine networking, security, and analytics, delivered through cloud, on-premises, or hybrid models. Versa's platform is designed for scalability, featuring genuine multitenancy and sophisticated management tools that help organizations optimize their wide area networks (WAN) and reduce infrastructure costs. With thousands of customers worldwide, Versa Networks is committed to simplifying and securing modern networks across a diverse range of environments.
Sensity Systems
Acquisition in 2016
Sensity Systems, Inc. is a technology company based in Sunnyvale, California, specializing in the development of a high-speed, sensor-based platform known as the Light Sensory Network (LSN). Founded in 2010 and previously known as Xeralux, the company focuses on integrating networking technology and sensors within LED luminaires to facilitate the transition to energy-efficient LED lighting. Its NetSense platform offers various applications, including lighting control, energy efficiency management, power monitoring, and maintenance services, as well as solutions for parking management, security, asset management, and retail analytics. Sensity Systems caters to a diverse clientele, including Fortune 500 companies, commercial and industrial property owners, educational institutions, municipal agencies, and healthcare facilities, both in the United States and internationally. The company has established strategic partnerships with major players, enhancing its capability to deliver comprehensive solutions that link energy efficiency with broader business objectives.
XO Communications
Acquisition in 2016
XO Communications, LLC is a telecommunications company that operates an integrated fiber optic network, providing a wide range of services in the United States and internationally. The company offers networking services such as bandwidth on demand, wide area networking, Ethernet services, and Internet access. Additionally, it provides unified communications solutions, including hosted PBX, voice over IP, and traditional voice services. XO Communications also specializes in cloud and IT services, encompassing cloud computing, hosted exchange, and colocation, along with managed security services. Its clientele includes enterprise, small, and medium businesses across various industries, including finance, healthcare, media, and retail, as well as telecommunications carriers and content providers. Founded in 2000 and based in Herndon, Virginia, XO Communications operates as a subsidiary of Verizon Communications Inc.
Veniam is a technology company focused on enhancing future mobility and urban connectivity through intelligent networking software. It specializes in developing vehicular mesh networks that transform vehicles into Wi-Fi hotspots, thereby expanding wireless coverage in urban environments. The company supports various applications, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles, enabling new in-vehicle experiences and efficient data management. Veniam holds an extensive IP portfolio with over 140 issued patents, optimizing the use of various networks such as 4G/5G and Wi-Fi to facilitate the transfer of substantial data between vehicles and the cloud. Founded in 2012 and headquartered in Mountain View, California, Veniam operates an Engineering Center in Porto, Portugal, and has sales offices in Detroit, Munich, and Tokyo. Its mission is to improve lives by securely managing data flows within the emerging mobility ecosystem, often referred to as the Internet of Moving Things. Recognized as one of the most disruptive companies globally, Veniam collaborates with major fleets, automotive OEMs, and Tier 1 suppliers to drive innovation in connected mobility solutions.
Kumu Networks
Series C in 2016
Founded in 2011, Kumu Networks designs and manufactures wireless systems using innovative full-duplex technology. This enables radios to transmit and receive signals simultaneously on a single channel, improving performance and reducing complexity across various wireless devices.
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.
CENX
Venture Round in 2015
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.
Versa Networks
Series B in 2014
Versa Networks, Inc. is a technology company specializing in software-defined networking (SDN) and cybersecurity solutions. Established in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa focuses on providing integrated cloud, networking, and security services for enterprise and service provider customers. The company’s offerings include advanced secure access service edge (SASE) solutions that combine networking, security, and analytics, delivered through cloud, on-premises, or hybrid models. Versa's platform is designed for scalability, featuring genuine multitenancy and sophisticated management tools that help organizations optimize their wide area networks (WAN) and reduce infrastructure costs. With thousands of customers worldwide, Versa Networks is committed to simplifying and securing modern networks across a diverse range of environments.
CENX
Venture Round in 2012
CENX, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Canada, the company specializes in automating the lifecycle management of data services across various network infrastructures, including network functions virtualization (NFV) and software-defined networking (SDN). Its flagship product, the Cortx Service Orchestrator, streamlines the ordering, provisioning, monitoring, and assurance of data connectivity services, significantly reducing manual processes. CENX's offerings encompass mobile backhaul, enterprise connectivity, cloud exchange, and machine-to-machine services. Additionally, the company provides professional services such as data audits, automated access ordering, installation, integration, and technical support, ensuring comprehensive assistance for its tier 1 service provider clients. CENX has established itself as a key player in the Carrier Ethernet market, contributing to industry standards and innovation through its involvement with the Metro Ethernet Forum.
Terremark Worldwide
Acquisition in 2011
Terremark Worldwide is a provider of managed IT infrastructure solutions, specializing in virtualization and utility computing technologies. The company offers a range of services, including colocation, disaster recovery, security, hosting, compliance management, and data protection, catering to various clients such as carriers, internet service providers, government entities, and multinational enterprises. Terremark's colocation services involve providing space, power, and secure facilities, along with the installation and maintenance of complex network environments. Additionally, the company designs, deploys, operates, and manages IT infrastructures, encompassing websites, enterprise resource planning tools, and databases. Its offerings also include Infinistructure, a virtualized computing platform, and digitalOps, a service delivery software for managing colocation and network services. Furthermore, Terremark provides exchange point services, which encompass interconnect and peering services. Founded in 1982, Terremark is headquartered in Miami, Florida, and has been integrated into Verizon Communications.
ConteXtream
Series B in 2010
ConteXtream is a privately held software company based in Santa Clara, California, specializing in cloud-based network virtualization technology. It offers a pioneering framework that enables network operators to enhance the performance and profitability of their broadband networks through proven virtualization and grid technologies. The company's Service Delivery Grid is designed to deliver higher network performance at a lower cost per subscriber, allowing operators to customize applications for individual subscribers, thereby creating a highly personalized user experience. ConteXtream's carrier-grade network visualization technology is utilized by Tier-1 operators, facilitating the elastic connection of subscribers to services and enabling the virtualization of functions on standard server hardware, ultimately replacing traditional proprietary systems.
Flash Networks
Series F in 2006
Flash Networks Ltd., founded in 1996 and based in Herzliya, Israel, specializes in mobile Internet optimization and monetization solutions for telecommunications operators. The company provides a range of services, including radio spectral efficiency solutions, data congestion control, and cybersecurity measures, aimed at enhancing user experience and operational efficiency. With its intelligent Internet services gateway, Flash Networks helps operators optimize data traffic and implement targeted marketing strategies, which can lead to substantial cost savings. The company's technology focuses on improving radio resource management, enabling operators to serve more users effectively while reducing operational expenses. Flash Networks has established a global presence with offices in Europe, Asia, and North America, serving top-tier mobile carriers such as O2, Orange, and Verizon Wireless. As of August 2020, it operates as a subsidiary of Volaris Group Inc.
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 Communications was a prominent telecommunications service provider in the United States, specializing in a wide range of communication services for businesses, governments, and individuals. Founded in 1963, the company initially operated microwave relay stations and offered two-way radio services. Through a strategy of mergers and acquisitions, MCI expanded rapidly, becoming the second-largest telecommunications company in the U.S. by 1990. Its services included local and long-distance calling, internet access, voice mail, equipment-managed network services, and data services, which facilitated effective remote collaboration for its clients. However, MCI faced challenges due to U.S. regulatory laws and was ultimately acquired by WorldCom in 1997 in a deal valued at $34.7 million.