WiFi Chipmaker Celeno Raises $38M

September 8, 2016 | Israeli startup Celeno Communications completed a $38 million financing round. Founded in 2005 by president and CEO Gilad Rozen, the company supplies chips and software technology for managed WiFi apps. Red Dot Capital Partners, which focuses on investments in growth companies, led the round. New investors participated in the current round, including Poalim Capital Markets, and the OurCrowd investment fund. Previous investors also took part, including Liberty Global, Cisco, Pitango Venture Capital, 83North (formerly Greylock Israel), Vintage Investment Partners, and Miven. According to figures from the IVC databse, including the current round, Celeno has raised $107 million since it was founded. Celeno has 120 employees, including 85 in its Ra’anana headquarters. The company also has representatives in the US, Europe, and Asia. Among other things, Celeno plans to use the funding to recruit 20 new employees in a variety of areas.among other things.