Tarana Wireless Revenue, Valuation, Funding & Investors
Tarana Wireless is valued at $1B as of March 2022, a 10.0x multiple on its last reported $100M revenue.
About Tarana Wireless
Milpitas-based Tarana Wireless supplies Gigabit Wireless systems for broadband delivery in non-line-of-sight environments. The RNX platform achieves 1 Gbps throughput over multi-kilometer links using beamforming and interference cancellation, deployed in 40 countries for fixed wireless access. Tarana Wireless raised $40 million in Series C funding in 2021.
Founded
2009
HQ
San Jose, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$100M (Mar 2022)
Valuation
$1B (Mar 2022)
Sectors
Tarana Wireless Valuation
Tarana Wireless is currently valued at $1B, based on its undisclosed-stage round in March 2022.
The $170M round was led by Khosla Ventures, Prime Movers Lab and TPG, with participation from I Squared Capital and Michigan’s state pension fund.
Tarana Wireless valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Undisclosed stage | $1B | 10.0x |
Tarana Wireless Revenue
Tarana Wireless' latest recorded revenue is $100M, as of its undisclosed-stage round in March 2022. At a $1B valuation, that implies a 10.0x revenue multiple.
Tarana Wireless revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $100M | $1B | 10.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Tarana Wireless Funding History
Tarana Wireless has raised a total of $412M across 6 funding rounds.
Tarana Wireless' first fundraising round was a $88M undisclosed-stage round in March 2019. The most recent completed round was a $50M undisclosed-stage round in September 2023.
Tarana Wireless funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Undisclosed stage | Digital Alpha (lead) | $50M | - | Tarana Wireless, a Milpitas, CA-based developer of next-generation fixed wireless access (ngFWA) technology, raised $50 million in an unattributed funding round on September 13, 2023, led by Digital Alpha Advisors. The investment aims to accelerate sales and deployment of its G1 platform, which delivers gigabit speeds in non-line-of-sight conditions using distributed Massive MIMO processing, expand R&D for future generations like G2, and support scaling operations amid rapid growth. Digital Alpha, focused on digital infrastructure and wireless ISP consolidation, also provides revenue-share financing to Tarana customers such as Element 8 and Wisper ISP to fund G1 expansions. The round follows a $170 million raise in 2022 from investors including Axon Capital, Khosla Ventures, and Prime Movers Lab, which valued Tarana at over $1 billion, earning unicorn status. Sources describe the 2023 round as an 'up round' with a valuation increase reflecting strong market traction, including nearly $100 million in revenue from G1 in 2022—a figure tied to a reported 40% year-over-year valuation growth. Over 270 service providers in 19 countries had deployed G1 since its 2021 launch, with operators offering 100-500 Mb/s tariffs in underserved markets. Tarana has invested more than $400 million over a decade in developing G1 to rival fiber broadband economics. Total funding exceeds $425-430 million across 10 rounds. CEO Basil Alwan highlighted the funding's role in meeting working capital needs and global expansion, while Digital Alpha's Rick Shrotri emphasized G1's transformative impact on wireless ISP performance and growth. |
| Mar 2022 | Undisclosed stage | Khosla Ventures (lead); Prime Movers Lab (lead); TPG (lead); I Squared Capital; Michigan’s state pension fund | $170M | $1B | Tarana Wireless is a fixed wireless access (FWA) equipment vendor developing next-generation broadband infrastructure to close the digital divide. The company's G1 platform delivers fiber-class internet service at lower cost and complexity than traditional fiber deployment, utilizing base node radios that provide gigabit data rates to approximately 1,000 customers within a few miles radius with symmetric up and downlink speed options. On March 23, 2022, Tarana raised $170 million in Series E funding at a $1 billion post-money valuation, with the round co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab. Additional investors included Michigan State Pension Fund, I Squared Capital, and two other institutional investors, bringing total capital raised to approximately $470 million. The company announced it was on track to deliver over $100 million in revenue for 2022, with a customer base exceeding 120 service providers including BT Group, MTN Group, Liberty Global, and regional wireless internet service providers. At the time of the funding round, Tarana had approximately 250 employees and planned to add 100 more staff over the following 12 months focused on R&D, marketing, sales, and operations. The company stated it had achieved cash-positive status and completed all planned funding rounds, with management indicating possible IPO consideration in 2023. |
| May 2021 | Undisclosed stage | Prime Movers Lab (lead) | $50M | - | Tarana Wireless develops the G1 platform, a next-generation fixed wireless access (ngFWA) solution that delivers fiber-class broadband speeds in non-line-of-sight conditions at lower cost and complexity than fiber-to-the-premises. The company targets broadband service providers to close the digital divide, with deployments in challenging environments across 19 countries and 41 US states by 2023. On May 12, 2021, Tarana raised $50 million in its Series C round led by Prime Movers Lab to expand product deployment and scale wireless transport infrastructure. The Series C funding supported Tarana's entry into full growth mode following the late 2021 commercial launch of G1, which quickly gained traction with over 120 service providers by early 2022. Subsequent rounds included a $170 million Series D on March 23, 2022, at a $1 billion post-money valuation, co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab, with participation from I Squared Capital and Michigan State Pension Fund. This round doubled the company's prior valuation and funded accelerated technology development and market expansion. A follow-on $50 million raise came in September 2023 from Digital Alpha. Tarana projected over $100 million in revenue for 2022 from G1 sales, with nearly $100 million reported in the prior year (likely 2022, post-launch). Cumulative funding reached $426 million by 2023 from investors including Khosla Ventures, Prime Movers Lab, and EchoStar. The company competed against traditional wired providers and other wireless startups, emphasizing carrier-class features like timing synchronization and Ethernet compliance. |
| Oct 2020 | Undisclosed stage | Prime Movers Lab (lead); Liberty Latin America; Liberty Global Ventures | $30M | - | Tarana Wireless is a telecom infrastructure technology company providing non-line-of-sight wireless transport solutions for broadband access in both developed and emerging markets. The company developed its AA2 wireless transport solution and later the Gigabit 1 (G1) product family to address challenges of fixed wireless access including signal blocking, interference, and spectrum scarcity, delivering carrier-class networking with timing synchronization and MEF-compliant Ethernet standards. On October 20, 2020, Tarana announced a $30 million preferred stock financing round led by Prime Movers Lab with participation from Liberty Latin America and Liberty Global. The proceeds were designated for company growth and working capital to meet demand for their wireless broadband technology. Tarana was founded by a team of experienced engineers with significant patented inventions in radio technology, headquartered in Milpitas, California, with research and development operations in Pune, India. The company would go on to raise substantially more capital, including a $50 million Series D in May 2021 and a $170 million Series E at a $1 billion valuation in March 2022, with investor backing from Khosla Ventures, Axon Capital, I Squared Capital, and institutional investors including Michigan State pension funds. |
| Feb 2020 | Series C | 1010 Holdings; Harmonix Fund; Khosla Ventures; EchoStar | $24M | - | Tarana Wireless raised $24 million in a Series Preferred equity financing round on February 20-21, 2020, from existing investors including EchoStar, Khosla Ventures, 1010 Holdings, and Harmonix Fund (also referred to as Neue Fund). This was the first tranche of a new $60 million equity financing commitment, aimed at funding readiness for Q4 2020 mass production of their next-generation fixed wireless access (ngFWA) platform. The company, founded in 2009 and headquartered in Milpitas, California, develops innovative wireless broadband solutions to close the digital divide, with a focus on fiber-class performance in challenging environments. Earlier, Tarana had secured $28-30 million in financing led by 1010 Holdings, with participation from Khosla Ventures and EchoStar, as noted in a March 2019 follow-on context. The investors continued supporting Tarana's development of custom ASICs and radio optimization technologies after years of R&D investment. Subsequent rounds included a $30 million raise in October 2020, $50 million in March 2021, $171.6 million in March 2022 at a $1 billion post-money valuation co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab, and further financings like $50 million in June 2023. Total funding reached approximately $376 million by 2022. Tarana's G1 platform emerged as a key product, gaining traction for its deployment speed and network economics in the broadband market, competing in the ngFWA space with backing from investors like I Squared Capital, Michigan State Pension Fund, and others. |
| Mar 2019 | Undisclosed stage | EchoStar (lead); Khosla Ventures (lead); 1010 Holdings | $88M | - | Tarana Wireless Inc., founded in 2009, develops fixed wireless access technology aimed at delivering gigabit broadband with immunity to obstructions, interference, and spectrum scarcity, targeting a tenfold improvement in network economics for massive-scale deployment. The March 21, 2019 financing announcement detailed a $60 million raise from Khosla Ventures and EchoStar Corporation as a follow-on to a $28 million round led by 1010 Holdings, LLC (family offices of Greg Wyler), bringing total financing to nearly $200 million at that point. This funding enabled completion of product development and initiation of commercial trials with tier 1 operators. In conjunction with the investment, EchoStar Chairman Charlie Ergen, Khosla Ventures partner Samir Kaul, and Greg Wyler (Chairman of OneWeb) joined Tarana’s board, while former EchoStar EVP Kranti Kilaru became President. Investors highlighted Tarana's unique technology for solving broadband challenges, with Khosla's Kaul noting it as the only solution for consistent gigabit bandwidth. Company COO Sergiu Nedevschi emphasized advancing to commercial phases. Later rounds included a February 2019 Series Preferred of $30M and a 2022 raise of $170M at $1B valuation co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab, with total funding reaching $376M by 2022 per aggregated data. |
Who has invested in Tarana Wireless?
11 investors have backed Tarana Wireless across its funding rounds, including Khosla Ventures, Prime Movers Lab, EchoStar, 1010 Holdings, TPG and I Squared Capital.
Lead investors include Digital Alpha, Khosla Ventures, Prime Movers Lab, TPG and EchoStar.
Tarana Wireless Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Jackson, MS | 3 | Lead | Oct 2020 | |
| San Francisco, CA | 3 | Lead | Mar 2019 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} 1010 Holdings | United States | 2 | Participant | Mar 2019 |
| Denver, CO | 2 | Lead | Mar 2019 | |
| United States | 1 | Participant | Mar 2022 | |
| La Quinta, CA | 1 | Participant | Feb 2020 | |
| Las Vegas, NV | 1 | Lead | Sep 2023 | |
 Denver, CO | 1 | Participant | Oct 2020 | |
| Denver, CO | 1 | Participant | Oct 2020 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTarana Wireless Competitors
Tarana Wireless competitors include listed companies like Superloop, Tejas Networks, Liberty Capital and Service Stream, and private ones like GlasfaserPlus and Helium.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Australia | Publicly listed | $389M | $53M | $993M | 2.2x | |
 Germany | Private | - | - | $1B | - | |
 India | Publicly listed | $114M | ($70M) | $973M | - | |
| United States | Publicly listed | $952M | ($79M) | $968M | 1.7x | |
| Australia | Publicly listed | $1.7B | $101M | $1.1B | 0.6x | |
| San Francisco, CA | Private | - | - | $1.2B | - |
Tarana Wireless Public Comps
Tarana Wireless is still privately-owned, but its public comps include Superloop, Tejas Networks, Liberty Capital, Service Stream, Macquarie Technology Group, Genew, RailTel Corporation, Hexatronic Group, EuroTeleSites and Priortech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $389M | $53M | 2.8x | 2.2x | 20.7x | 11.9x | |||
| $114M | ($70M) | 11.9x | - | (19.3x) | - | |||
| $952M | ($79M) | 1.8x | 1.7x | (22.2x) | 4.4x | |||
| $1.7B | $101M | 0.6x | 0.6x | 10.7x | 9.0x | |||
| $263M | $81M | 3.9x | 3.6x | 12.6x | 12.2x | |||
| $131M | $1M | 7.4x | 6.6x | 704.9x | 36.6x | |||
| $445M | $66M | 1.8x | 1.6x | 12.1x | 11.2x | |||
| $767M | $84M | 1.4x | 1.2x | 12.6x | 10.0x | |||
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Common questions about Tarana Wireless
| When was Tarana Wireless founded? | Tarana Wireless was founded in 2009. |
| Where is Tarana Wireless headquartered? | Tarana Wireless is headquartered in San Jose, CA, United States. |
| Is Tarana Wireless publicly listed? | No, Tarana Wireless is a private, VC-backed company. |
| What is Tarana Wireless' valuation? | Tarana Wireless was last valued at $1B in its undisclosed-stage round in March 2022. |
| How much funding has Tarana Wireless raised? | Tarana Wireless has raised $412M across 6 funding rounds. |
| What was Tarana Wireless' last funding round? | Tarana Wireless' last funding round was a $50M undisclosed-stage round in September 2023, led by Digital Alpha. |
| Who are Tarana Wireless' investors? | Tarana Wireless' investors include Prime Movers Lab, Khosla Ventures, 1010 Holdings, EchoStar, I Squared Capital, Harmonix Fund, Digital Alpha, Liberty Latin America, Liberty Global Ventures, TPG and 1 other. |
| What is Tarana Wireless' revenue? | Tarana Wireless' latest recorded revenue is $100M (March 2022). |
| What is Tarana Wireless' revenue multiple? | Tarana Wireless' latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Tarana Wireless? | Companies comparable to Tarana Wireless include Superloop, GlasfaserPlus, Tejas Networks, Liberty Capital, Service Stream and Helium. |
See companies similar to Tarana Wireless
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