Originally published April 12, 2017
Cradlepoint recently secured $89 million in additional funding, which is being used in 5G development and international expansion.
WAN networking specialist Cradlepoint has been focused on cloud managed routing solutions for 4G LTE, and is gearing up for the move to 5G. They announced an additional $89 million in funding earlier this month, which will go to 5G development, as well as international expansion. Their presence in Canada has already seen significant recent expansion, where their sales have more than doubled over the last year, with the assistance of a more diverse partner network.
Cradlepoint has been in business since 2006, starting in the consumer space, but quickly moving into the 4G LTE space, where they still have the largest share of the market. More recently they have been adding new applications and upgrading their platforms in preparation for the move to 5G.
“We have been focusing on advancing our platforms because having the right hardware is critically importance to maintain enterprise grade connections,” said Lindsay Notwell, Cradlepoint’s VP Carrier & International Business. Last year, he was asked to add management of Canada to his bailiwick, so he is now the VP and GM of Canada as well. “We just launched the IBR900, which is a successor to our original product, and even though it only has a 4G radio in it, it is engineered for 5G. The guts are designed for the 5G world, so you just replace the radio when it’s time.”