Wi-Fi Chip Company Celeno Raises $10 Million for European, IoT Expansion

Wi-Fi chip company Celeno Communications (Israel) Ltd. has raised $10 million in a round led by European venture capital firm Iris Capital, the latter announced Wednesday. Existing investors including Cisco and multinational telecom company Liberty Global also participated. The current round brings Celeno’s total equity raised to around $116 million.

Founded in 2005, Israel-headquartered Celeno develops components and subsystems for high performance carrier-class Wi-Fi systems and networks. The company employs over 150 people in Israel, Europe, and Asia.

Celeno intends to use the funding to expand its operations and marketing efforts in Europe, and for product development, particularly in the domain of IoT. The company intends to reveal its new chip series in the upcoming months.