Additional new investors are Poalim Capital Markets, the investment arm of Bank HaPoalim, the largest financial banking group in Israel, and OurCrowd. Existing investors including Liberty Global, Cisco, Pitango, 83North (formerly Greylock IL), Vintage and Miven also participated in the round.
According to Gilad Rozen, Celeno founder and CEO, Celeno address many current problems with Wi-Fi technology such as speed, coverage and interference at the physical layer, as well as multi-access point (AP) co-ordination and QoS at the upper layers. Celeno Wi-Fi address these issues using both silicon and software virtualization to create smart adaptive Wi-Fi networks for the home market.
Gilad describes the company's approach, "Celeno is able to take the technology found in enterprise systems, put them into a chip, and sell into mass end markets such as the home market. Working primarily through the service provider channel, Celeno silicon, known as Quicksilver, and software is designed into home gateways, home routers and set-top boxes, to help service provides alleviate QoE (Quality of Experience), Opex and customer churn issues."
Quicksilver 4x4 802.11ac Wave 2 standards-based silicon includes value added features such the Argus in-chip dedicated RF circuitry and DSP-based engine for spectrum scanning and analysis, ControlAIR™ multi-AP management software, and Smart Antenna Steering technology.
The antenna steering technology delivers the optimum Access Point coverage by dynamically selecting 4 out of an up to 16 antenna array – enhancing immunity to device orientation, polarization and mobility, as well as maximising system performance across multiple rooms and floors.