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Parallel Wireless

Parallel Wireless

Provides OpenRAN solutions for 5G networks

About

Parallel Wireless provides wireless infrastructure solutions aimed at transforming the telecommunications industry, particularly in the 5G market. Their products utilize OpenRAN technology, which allows for the construction of mobile networks using open and compatible hardware and software. This approach helps make 5G more accessible and affordable for clients such as mobile network operators, governments, and enterprises. The solutions offered by Parallel Wireless simplify the deployment and maintenance of wireless networks through software-defined and cloud-native architectures, enabling clients to create flexible and scalable networks that can adapt to evolving needs. Unlike many competitors, Parallel Wireless focuses on a combination of hardware and software components in their OpenRAN solutions, generating revenue from both product sales and ongoing support services. Their goal is to lead the industry towards more open and interoperable mobile networks.

Company Stage

Series A

Employees

501-1,000

Industries

Government & Public Sector, Enterprise Software, Cybersecurity

Total Funding

$20M

Headquarters

N/A

Founded

2012


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Simplify's Take

What believers are saying

  • Successful pilots with major telecom operators like Cellcom and Vivacom demonstrate Parallel Wireless's capability to deliver cutting-edge 5G solutions.
  • The company's partnerships with industry leaders like Juniper Networks and Vodafone highlight its strong position and influence in the telecom sector.
  • Parallel Wireless's innovative approach to reducing deployment and maintenance costs makes it an attractive option for telecom operators looking to modernize their networks.

What critics are saying

  • The competitive landscape in the 5G market is intense, with numerous players vying for market share, which could impact Parallel Wireless's growth.
  • Dependence on the adoption of OpenRAN technology means that any delays or resistance in the industry could hinder the company's progress.

What makes Parallel Wireless unique

  • Parallel Wireless leverages OpenRAN technology to offer more accessible and affordable 5G solutions, setting it apart from traditional telecom infrastructure providers.
  • The company's focus on software-defined and cloud-native architectures allows for flexible and scalable network deployments, unlike competitors relying on legacy systems.
  • Parallel Wireless's extensive collaboration within the OpenRAN ecosystem ensures compatibility and drives industry-wide innovation, a unique advantage over isolated proprietary solutions.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

7%

2 year growth

11%

Benefits

Comprehensive benefits - Our benefits are competitive and designed to foster and encourage good health, peace of mind, and long- term financial security for our team members around the globe.

Growth and lifestyle - We support you with everything from flexible/remote working arrangements, a comprehensive global mobility program to support your career growth, and paid time off so you have time to rest and recharge!

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