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Home > Startups > Funding > Aira Technologies raises $14.5 million in Series B funding round

Aira Technologies raises $14.5 million in Series B funding round

Aira’s Series B investment round was strategic and is backed by AT&T Ventures, Intel Capital, IQT, Juniper, and JTM LLC joined by existing investors NeoTribe and Acrew.

Abhinav Kumar Singh
Last updated: November 27, 2024 12:24 AM
By Abhinav Kumar Singh
Aira Technologies raises $14.5 million in Series B funding round
Aira Technologies raises $14.5 million in Series B funding round
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Aira Technologies, an AI to cellular network infrastructure company, has raised $14.5 million in its Series B funding round to expand and accelerate its AI/ML-based solutions to drive improvements in operating, energy, and spectral efficiency. With the new funding, Aira will accelerate the advancement of its GenAI product roadmap.

Aira’s Series B investment round was strategic and is backed by AT&T Ventures, Intel Capital, IQT, Juniper, and JTM LLC joined by existing investors NeoTribe and Acrew.

“Aira is laser-focused on enabling the telecommunication networks of the future. A fully autonomous, self-learning RAN is the next frontier, and we are hard at work to make this a reality for our customers. We are delighted to see our partners and customers believe in our vision and invest resources to support our momentum,” said Aira Co-Founder and CEO Anand Chandrasekher.

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“The U.S. has a significant lead in GenAI/AI/ML, and it is vital for the U.S. to maintain this lead. The application of AI/ML to communications—a crucial part of the national infrastructure—is both novel and necessary. Aira’s work spans both of these important segments, positioning them as a strategic investment opportunity,” said Jon Chait, General Partner at IQT.

“Our investment in Aira supports the ability to deliver more responsive and adaptive networks. We’re excited to be part of this effort to help drive the advancement of intelligent network innovation for the future of wireless communications,” said Vikram Taneja, Head of AT&T Ventures.

“We are excited about Aira’s approach to AI/ML and its potential for optimizing RAN performance and energy efficiency. Aira’s advanced technology, combined with Intel Xeon processors and Intel FlexRAN reference software, greatly simplifies AI/ML integration so operators can more quickly realize these performance and cost-of-ownership benefits,” said Cristina Rodriguez, vice president and general manager, Comms Solutions Group at Intel.

Founded in 2019, Aira Technologies plans to use a data-driven, ML-powered approach to radically re-imagine wireless design, deployment, and control to improve efficiency and performance. Aira is laser-focused on enabling the RAN of the future – a fully autonomous, self-learning RAN.

This year the company’s AI-based channel estimation and prediction xApp, a world first, was awarded the Telecom Infrastructure Project “Silver Badge.” Aira also demonstrated, in collaboration with Intel, an AI-based high-fidelity MIMO channel estimation and prediction to dramatically improve 5G MU-MIMO efficiency and throughput.

Most recently, Aira launched Naavik, a GenAI platform that revolutionizes network operations via advanced automation and natural language processing. Enabling intuitive, conversational interactions with network data and reducing task times from months to days, Naavik enhances visibility, control and automation across the RAN to empower fully autonomous networks.

TAGGED:Aira TechnologiesAT&T VenturesIntel Capital

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