#USA #Boston #Private 5G #Series A Funding #OneLayer

OneLayer Secures $28 Million in Series A Funding

In a significant move set to reshape the landscape of private 5G networks for enterprises, OneLayer, a leader in private LTE and 5G operational technology management, has announced the closure of a $28 million Series A funding round. This investment was spearheaded by Maor Investments and included participation from notable firms such as McRock Capital, Chevron Technology Ventures, and existing investors like Viola Ventures, Grove Ventures, and Koch Disruptive Technologies. This latest funding round boosts OneLayer’s total financing to over $43 million, enabling the company to fast-track its market initiatives and enhance its product offerings in response to increasing enterprise demand for secure private cellular networks.

The Growing Demand for Private 5G Networks

The surge in enterprise demand is primarily driven by the growing necessity for efficient device management and security in private LTE and 5G deployments. OneLayer's innovative platform allows organizations to effectively secure and manage their cellular networks without the need for specialized cellular expertise, making it accessible for IT departments accustomed to traditional network management.

"Private 5G represents a massive market opportunity, with enterprise demand far outpacing the industry's ability to deliver simple, secure solutions," stated Ido Hart, Partner at Maor. He highlights OneLayer’s unique position in translating complex cellular networks into familiar IT language, thus simplifying the transition for enterprises.

The funding influx comes during a period of exceptional growth for OneLayer, marking a remarkable 6X growth from the previous year and a promising 3X in the current year. This growth trajectory is supported by a solid customer pipeline projected to last through 2026, indicating a robust market presence across various sectors including utilities, manufacturing, mining, and critical infrastructure.

Bridging the Gap in Private Network Management

OneLayer's mission is focused on providing enterprises with an integrated approach to managing private cellular networks. The platform enhances visibility and control, transforming siloed operational environments into cohesive network systems. It empowers companies to oversee thousands of cellular-connected devices and manage them with the same level of confidence as their traditional IT assets.

As Dave Mor, CEO and Co-Founder puts it, "Enterprises are deploying private cellular networks at unprecedented scales, yet they are grappling with issues of device visibility and operational complexity. Our solutions address these challenges directly, ensuring enterprises can confidently integrate thousands of connected devices into their IT framework."

The Series A funding round was highly competitive, underscoring robust investor confidence in OneLayer's solution. With significant traction noted in multiple industries, OneLayer is also broadening its footprint through key partnerships in the 5G space. This includes collaborations with major telecom firms like Nokia and Ericsson, along with partnerships with cybersecurity leaders such as Palo Alto Networks and Fortinet.

Innovative Deployments and Real-World Applications

OneLayer's technology has been pivotal in numerous deployments around the globe. Notable examples include:

• - Southern Linc's regional LTE network, which spans 122,000 square miles across Alabama, Georgia, and southeastern Mississippi, supporting a diverse array of devices critical to grid control systems and emergency communication.
• - Evergy's private LTE network, devised to eventually support approximately 1.7 million customers in Kansas and Missouri, boasting thousands of connected devices including IoT sensors and smart meters.
• - Successful operations in Latin America, where OneLayer has enabled mining enterprises to optimize processes, enhance operational efficiency, and securely deploy new sites through effective device management.

Future Plans and Expansion

Looking ahead, OneLayer aims to harness its Series A funding to accelerate go-to-market strategies, expand its product capabilities, and extend its geographic reach beyond North America, particularly into the booming Latin American markets. This proactive approach comes in light of the broader market transformation where private cellular networks are evolving from traditional carrier-grade infrastructure toward more flexible, enterprise-managed networks.

As market dynamics shift, OneLayer positions itself as a frontrunner in providing a crucial layer of trust and security needed for enterprises to confidently adopt private 5G networks. With a rapidly growing customer base and significant investments from notable venture capital firms, OneLayer is poised to become the go-to solution for enterprises diving into the world of private cellular technology. For further information, visit OneLayer's official website.