Cradlepoint , the global leader in 4G LTE networking solutions for distributed enterprises, has closed a Series B round of $48 million growth equity funding. The proceeds will be used to accelerate its international expansion and development of industry-leading cloud-managed Wireless Wide Area Networks (WWAN) and security solutions. The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group.
“The company has experienced strong momentum over the last three years, quadrupling its revenue, and we are committed to helping Cradlepoint extend its leadership and further grow its business.”
Continue Reading: Cradlepoint Closes $48 Million Growth Equity Financing