Verizon Ventures

Verizon is a leading broadband and telecommunications company that offers wireless services, devices, and solutions across the United States. It operates a robust 4G LTE network, serving over 108 million retail connections and managing more than 1,700 retail locations nationwide. In addition to voice and data services available in more than 200 locations, Verizon's online store features a wide array of products, including smartphones, tablets, mobile hotspots, and various digital content. The company also emphasizes innovation through its investment arm, Verizon Ventures, which focuses on early-stage technologies relevant to network solutions, media, and consumer sectors. By connecting entrepreneurs with its extensive ecosystem, Verizon leverages its technical expertise and market insights to foster the development of new technologies.

Tom Arnost

Principal

Jeffrey Black

Executive Director / Senior Managing Director

Thomas Camp

Principal

Alex Kaufman

Principal

Eyal Mamistvalov

Principal

Michelle Russey McCarthy

Managing Director

Merav Rotem-Naaman

Managing Director

Tony Skiadas

EVP and CFO

Kristina Serafim

Managing Director

Past deals in Networking

Frontier Communications

Acquisition in 2024
Frontier Communications Corporation is an independent telecommunications provider based in Norwalk, Connecticut, serving approximately 4.1 million customers across 29 states. Founded in 1935 and previously known as Citizens Communications Company, Frontier offers a diverse range of services including broadband, video, voice, and digital protection solutions. The company utilizes both fiber-optic and copper networks to deliver high-speed internet and advanced voice services, including Voice over Internet Protocol (VoIP) and Unified Communications as a Service (UCaaS). Frontier also caters to small, medium, and large business customers with Ethernet services, managed Wi-Fi, cloud IT solutions, and traditional circuit-based offerings. Additionally, it provides wholesale access services that enable other carriers to utilize its network for local and long-distance voice traffic. In April 2020, Frontier Communications filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court, reflecting its ongoing efforts to restructure its operations.

Pivotal Commware

Series D in 2023
Pivotal Commware, Inc. specializes in the development of software-defined antennas and radio products that leverage holographic beamforming technology to enhance network speed, capacity, and spectral efficiency. Founded in 2016 and based in Kirkland, Washington, the company provides various platforms and systems, including beamformers, 5G echo subscribers, and drone beamforming antenna systems. Its innovative technology enables multiple concurrent transmissions on the same frequency without interference, facilitating the creation of broadband wireless networks. This capability allows wireless service providers to efficiently reuse the same spectrum band simultaneously within a specific spatial area, significantly improving overall communication performance.

Verana Networks

Venture Round in 2023
Verana Networks, Inc., founded in 2019 and located in Waltham, Massachusetts, specializes in developing innovative 5G Radio Access Network solutions for service providers utilizing licensed millimeter wave (mmWave) spectrum. The company focuses on this spectrum due to its potential for significant expansion in speed and capacity, essential for the successful deployment of 5G technology. Verana's equipment aims to provide gigabit wireless connectivity, enabling mobile network operators to offer enhanced 5G services such as fixed wireless access. By delivering faster speeds and increased capacity, the company supports the creation of new applications that drive incremental revenue, which is crucial for sustaining the business case for 5G.

Cellwize

Series B in 2020
Cellwize is a technology company focused on transforming mobile networks through its innovative platform, Chime. Founded in 2013 and headquartered in Israel, Cellwize specializes in RAN automation and orchestration, enabling mobile network operators (MNOs) to expedite 5G network deployment and enhance return on investment. The Chime platform allows MNOs to adapt their networks to dynamic environments, facilitating connections with various applications and vendors while enabling collaborative development. This flexibility leads to optimized coverage and improved user experiences, positioning Cellwize as a leader in helping MNOs launch and leverage next-generation networks efficiently and effectively.

ProtectWise

Acquisition in 2019
ProtectWise provides a cloud-based network detection and response platform designed to enhance organizational cybersecurity. Founded in April 2013 and headquartered in Denver, the company specializes in advanced analytics for cloud, hybrid, and enterprise traffic, enabling real-time and retrospective threat detection. Its platform features full-fidelity packet captures that are indexed and stored indefinitely, allowing for rapid search capabilities and creating a comprehensive network memory. By integrating analytics and forensics into an intuitive visualizer, ProtectWise facilitates quicker and more effective incident response and threat hunting. The company has developed proprietary research and machine learning algorithms to correlate threat detection, empowering security professionals to identify real-time threats and uncover previously unknown issues. ProtectWise has raised over $70 million in funding and is led by a team with extensive experience in the security and SaaS sectors.

Lumina Networks

Series A in 2018
Lumina Networks believes the future is open software networks where service providers are in control of their development. The company is the catalyst that brings open software networking out of the lab and into the live network. They develop SDN products on open source platforms such as OpenDaylight and provide NetDev Services to jointly deliver production systems and to transfer know-how in Agile Software Development methods. Lumina Networks is transforming the way communication service providers deploy open-source platforms to regain control of their networks. It provides a more customer-centric approach to building and delivering on-demand, customizable services. The company also offers an SDN controller, open log stack, data center, network visibility, software-defined, and internet-based service automation solutions.

WideOpenWest - Fiber-Optic Network

Acquisition in 2017
WideOpenWest - Fiber-Optic Network is designed to support multiuse services.

Streamroot

Venture Round in 2017
Streamroot, Inc. develops innovative peer-to-peer video streaming technology aimed at optimizing content delivery for various applications, including live sporting events, concerts, video conferences, and video-on-demand services. Founded in 2013 and based in Boston, Massachusetts, Streamroot operates as a subsidiary of CenturyLink, Inc. The company's flagship product, Streamroot DNA™, utilizes a distributed delivery network to enhance video quality and reduce delivery costs by 55% to 85%. This Infrastructure as a Service solution creates a secure mesh network that allows for dynamic and intelligent streaming from the fastest available sources, whether from user devices or traditional content delivery networks. Streamroot serves prominent media clients such as DailyMotion, Canal+, and Eurosport, facilitating a high-quality viewing experience for over 5 million users daily. With additional offices in New York and Paris, Streamroot is backed by both European and U.S. venture capital funding, contributing to its mission of improving internet architecture and video delivery efficiency.

LQD WiFi

Acquisition in 2016
LQD is WiF specializes in developing smart cities and ubiquitous WiFi, providing cities with new outdoor hubs of social technology. Its technology is designed to enable communities and ignite the new fabric of urban spaces. It offers PALO designed to create an integrated network of elegant and engaging community technology hubs that connect, inform, inspire, and support people in the places they live, work, and play.

Versa Networks

Series C in 2016
Versa Networks, Inc. is a company specializing in software-defined networking (SDN) solutions with a focus on virtualized network functions and services. Founded in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa aims to secure and simplify modern networks for enterprises and service providers. Their offerings include Secure Access Service Edge (SASE), which integrates security and advanced networking capabilities, alongside a full-featured software-defined wide area network (SD-WAN). Versa's platform supports multitenancy and sophisticated analytics, allowing deployment across cloud, on-premises, or hybrid environments. This versatility helps organizations reduce costs associated with wide area networks and branch infrastructure. Thousands of customers globally rely on Versa to manage their networking and security needs.

XO Communications

Acquisition in 2016
XO Communications, LLC operates a comprehensive telecommunications network in the United States, offering a range of services that include IP and Ethernet networking, voice and data communication, and cloud computing solutions. The company provides bandwidth on demand, wide area networking, Internet access, and various unified communications services such as hosted PBX and voice over IP. Additionally, XO Communications delivers managed services and security solutions, catering to enterprise, small, medium, and wholesale customers across various sectors including finance, healthcare, and retail. It also supports national and international telecommunications carriers and content providers with wholesale services like network transport and VPN access. Founded in 2000 and headquartered in Herndon, Virginia, XO Communications is a subsidiary of Verizon Communications Inc.

Veniam

Series B in 2016
Veniam is a technology company focused on enhancing future mobility and creating more human-centric environments through intelligent networking software. The company develops vehicular mesh networks that transform vehicles into Wi-Fi hotspots, expanding wireless coverage in urban areas. Veniam's solutions cater to various sectors, including delivery fleets, dash-cams, telematics, connected cars, and autonomous vehicles. With a robust portfolio of over 140 issued patents, the company optimizes data transmission across diverse networks, such as 4G, 5G, and V2X, ensuring efficient and secure communication between vehicles and the cloud. By enabling the Internet of Moving Things, Veniam aims to improve the lives of millions by facilitating smarter mobility, enhancing internet access, and collecting valuable data for smart city initiatives. Founded in 2012 and headquartered in Mountain View, California, Veniam also has an engineering center in Porto, Portugal, and sales offices in Detroit, Munich, and Tokyo.

CENX

Series D 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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.

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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.

Versa Networks

Series B in 2014
Versa Networks, Inc. is a company specializing in software-defined networking (SDN) solutions with a focus on virtualized network functions and services. Founded in 2012 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Versa aims to secure and simplify modern networks for enterprises and service providers. Their offerings include Secure Access Service Edge (SASE), which integrates security and advanced networking capabilities, alongside a full-featured software-defined wide area network (SD-WAN). Versa's platform supports multitenancy and sophisticated analytics, allowing deployment across cloud, on-premises, or hybrid environments. This versatility helps organizations reduce costs associated with wide area networks and branch infrastructure. Thousands of customers globally rely on Versa to manage their networking and security needs.

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, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.

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.

Flash Networks

Series F in 2006
Flash Networks is a global provider of intelligent mobile Internet solutions that enable operators to improve quality of experience, reduce network operational expenses and manage and monetize the mobile Internet. Providing a faster, safer, richer and more personalized user experience, Flash Networks' Internet services gateway helps operators achieve significant cost savings through intelligent data traffic optimization, and applies intelligent policies for targeted marketing and charging. With offices in Europe, Asia and North America, Flash Networks' installed base of top-tier mobile carriers includes O2, Orange, SingTel Group, T-Mobile, Telefonica, Telenor, Verizon Wireless, Vodafone and Wind.

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.

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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