After raising $850 million between 2021 and 2023—including a $500 million minority equity investment from Koch Strategic Platforms—Richardson-based Mavenir continues to drive toward its goal of "end-to-end 5G transformation."
In this week’s North Texas deal flow, you’ll also find news about Mavenir’s $155M raise, Pinnacle Realty Advisors raising $5M for ‘brokerage-as-a-service’ platform, Exela Technologies taking its European business unit public, American Airlines’ hydrogen fuel distribution investment, and more.
“We will continue to lead the 5G transformation by investing in disruptive products to accelerate innovation in mobile networks," says Pardeep Kohli, Mavenir president and CEO. Mavenir is looking to hit $1 billion in revenue by 2023, according to reports.
Fort Worth-based American Airlines has flown what it says is the first U.S. commercial passenger flight to use synthetic jet fuel made from waste carbon dioxide and renewable electricity, delivered through a commercial airport’s fuel system....
Dallas-based Bestow has formed a dedicated team called Bestow Labs to build AI-native products for life insurance and annuity carriers, deliberately separating that work from the production systems its clients depend on....
Fort Worth-based American Airlines has flown what it says is the first U.S. commercial passenger flight to use synthetic jet fuel made from waste carbon dioxide and renewable electricity, delivered through a commercial airport’s fuel system....
Dallas-based Bestow has formed a dedicated team called Bestow Labs to build AI-native products for life insurance and annuity carriers, deliberately separating that work from the production systems its clients depend on....