California, USA-based provider of a mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise, Highway 9 Network raised USD 25 million in funding. Mayfield, General Catalyst and Detroit Ventures provided the financing to the company. Meanwhile, a growing number of prominent enterprise and institutional customers also joined in the round.
Purpose of financing for Highway 9 Networks
The company seeks to use the financing for expansion and development efforts.
What the company’s official has to add
Allwyn Sequeira, founder and CEO, Highway 9 Networks, said, “We created a mobile cloud for the enterprise, building on the superior range, mobility, resiliency, predictability and low-latency characteristics of private cellular technology, and coupled it with a fully cloud-native platform. The Highway 9 Mobile Cloud delivers the always-on, performant mobile network needed for private mobility and modern AI-aware systems, regardless of whether they are indoors, outdoors, campus-wide or beyond. Much like the last decade saw the migration of servers and apps to the public cloud, we believe the next decade will see the migration of mobile and AI clients and devices to the mobile cloud, unleashing a whole new wave of innovation.”
What the investors and experts have to comment
Mark Silis, Vice President Information Systems & Technology, Massachusetts Institute of Technology, said, “In our dynamic environment across the MIT campus, we need to ensure that students, faculty, staff and others can always connect securely to their apps and data…wherever they are and whatever they’re doing. The Highway 9 Mobile Cloud provides a platform-level solution to help us do this while saving us significant time through their cloud-based operations and tiers of integration.”
Zeus Kerravala, founder and principal analyst, ZK Research, further said, “Private mobile networking and private 5G have the opportunity to fundamentally transform enterprise communications and accelerate digital automation. But today’s offerings aren’t forward-leaning or ready for widespread enterprise usage because they’re still complex and telecom-centric. What enterprises need is a simplified and cloud-native approach, essentially a mobile cloud, and that’s what Highway 9 is bringing to market.”
In addition, Ursheet Parikh, Partner, Mayfield, said, “ As a people-first investor, I’ve been thrilled to work with the veteran team of entrepreneurs at Highway 9 and their game-changing idea of building a mobile cloud. They see the big picture of what mobility can do in enabling enterprises’ AI-powered initiatives to transform their business, and they’ve cracked the nut by applying a cloud-native model to it, which will greatly speed up the adoption of both private mobility and AI in the coming years.”
About the company
Highway 9 Networks, founded by seasoned cloud and networking pioneers, has created a novel cloud-based strategy for business mobile networking that takes into account AI’s need for dynamic connectivity in addition to everywhere, always-on mobile coverage. The Highway 9 Mobile Cloud provides the dependable operations, IT integration, and user-friendliness that modern businesses demand by combining the essential features of private cellular technology with a cloud-native mobile platform.
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