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Pivotal Commware Selects CommAgility as 5G Software Supplier for Pivot and Echo 5G Repeaters
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Pivotal Commware Selects CommAgility as 5G Software Supplier for Pivot and Echo 5G Repeaters
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Pivotal Commware’s Pivot 5G outdoor network repeaters can give a millimeter-wave boost to 5G wireless communications. (Pivotal Commware Photo)
Kirkland, Wash.-based Pivotal Commware says it has closed on a $50 million funding round that will help it expand research, development and distribution for its millimeter-wave 5G network infrastructure products.
Tracker Capital Management, a venture capital investment firm that’s headquartered in New York, led the Series C investment round. Other participants in the financing include Devonshire Investors and Pivotal’s existing investors including Microsoft co-founder Bill Gates.
Gates has been investing in Pivotal since 2017, not long after it was spun out from Intellectual Ventures. It’s one of several Gates-backed ventures that make use of metamaterials, an exotic breed of electronics that can channel signals without moving parts.
News Wire Feed Light Reading 2/11/2021
KIRKLAND, Wash. Pivotal Commware ( Pivotal ), a global leader in 5G mmWave infrastructure products, announced today the closing of a $50 million C round led by an affiliate of Tracker Capital Management, LLC ( Tracker Capital ), a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. Tracker Capital is joined in this round by Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Pivotal s existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing.