Tarana Wireless Secures $60 Million of Follow-on Financing
Tarana Wireless secured $60 million of financing with Khosla Ventures and EchoStar, as a follow-on to financing of $28 million led by 1010 Holdings, the family offices of Greg Wyler. In conjunction with the financing, EchoStar Chairman Charlie Ergen, Khosla Ventures Partner Samir Kaul, and OneWeb Chairman Greg Wyler joined Tarana’s board of directors. Additionally, Kranti Kilaru recently stepped down from his role as Executive Vice President (EVP) of EchoStar to join Tarana’s leadership team as President.
With total financing of nearly $200 million, Tarana has created radio technology with more immunity to obstructions, interference, changing conditions, and spectrum scarcity. Tarana’s fixed wireless access technology aims to improve network economics of gigabit broadband access.
“Tarana has the lowest-cost and highest-capacity solution for suburban residential users everywhere, whether that is the US, Europe, Africa, South America, or Asia,” Wyler said. “Tarana’s access network enables mobile operators and Internet Service Providers (ISPs) to leapfrog fiber to the home and quickly provide equivalent performance at a fraction of the cost. This is a great complement to OneWeb’s rural capabilities and fits perfectly with the mission to bridge the digital divide.”