Mobile Internet Company Saguna Networks Raises $5M

May 24, 2016 | Israeli Mobile Edge Computing (MEC) pioneer Saguna Networks has closed a $5 million financing round led by CE Ventures and supported by the company’s existing shareholders. Saguna will use the funding to expand the company’s MEC offering and global market presence. Based in Yokneam, Saguna Networks MEC systems make mobile broadband faster, simpler and more agile. Saguna helps mobile operators improve user experience, network economics and monetization by bringing distributed cloud-computing into the Radio Access Network (RAN); as close as possible to mobile users. With Saguna’s solution, mobile operators can deploy new revenue generating services for content delivery, Internet of Things (IoT), retail and enterprise applications.