WilmerHale Advises Altiostar in $114 Million Funding Round
On May 8, 2019, Altiostar, the pioneer in open virtualized RAN (open vRAN) technology, announced that it closed a $114 million Series C round of financing with Rakuten coming on board as an investor. In early 2018, Qualcomm Ventures LLC and Tech Mahindra also participated in the C-round as investors. The company reported that this financing will be used to expand Altiostar's virtual RAN solution to encompass 4G and 5G products allowing telecom operators to build end-to-end web-scale cloud native networks.
Mark Borden led the WilmerHale team representing Altiostar in this transaction, with a team that included Caroline Dotolo, Jenna Ventorino, Jamie Class and Taylor Beech.