Software Startup Aarna Networks raises $3.5 million through seed round of funding
- ByTejika Bajaj | December 22, 2021
Software startup Aarna Networks Inc, a subsidiary of Aarna Networks India Pvt Ltd, has recently revealed that it has secured $3.5 million (around Rs 26 crore) in a Seed funding from SVQuad Ventures. The round also observed keen participation from prominent investors including Inventus Capital, RiSO Capital and Arka Ventures, among others.
Founded in 2018 by Amar Kapadia and Sriram Rupanagunta, Arna Networks is an open-source software company that provides a platform for orchestration, lifecycle management, and automation of 5G network services and edge computing applications.
As per the company statements, Aarna Networks is all set to deploy the recently infused capital for hiring engineering manpower as well as increasing its sales in an attempt to augment growth.
Talking about the latest round of fundraise, the Co-founder and CEO of Aarna Networks, Amar Kapadia expressed, “This investment is a huge validation of our strategy and execution, and it will help us accelerate the development of our product, which will be available as a licensed product as well as a SaaS offering. This will also allow us to concentrate on new possibilities and opportunities.”
The company said that Silicon Valley Quad (SVQ) is a syndicate of investors funded and led by veteran technology investors and entrepreneurs BV Jagadeesh, Raju Reddy and Kanwal Rekhi. It provides seed capital to US technology entrepreneurs. They invest in both business-to-business (B2B) and business-to-consumer (B2C) startups. The company has also partnered with Inventus Capital Partners to co-invest in deals.
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