MIELY - Mitsubishi Electric ME Innovation Fund invests in Pente Networks
2024-06-12 03:36:44 ET
- Mitsubishi Electric Corporation ( OTCPK:MIELY ) late on Tuesday said that its ME Innovation Fund has invested in Pente Networks, a U.S.-based startup company that provides Infrastructure-as-a-Service (IaaS) to promote the introduction of private LTE/5G networks for enterprises.
- This is the seventh investment that the fund has made to date, Mitsubishi Electric ( OTCPK:MIELY ) said.
- Pente Networks has been developing products such as Orchestrator, which is a feature that automates network operation and management, and Service Portal, which is a network management screen.
- Mitsubishi Electric ( OTCPK:MIELY ) said that it plans to combine its 5G core network with Pente Networks’ Orchestrator and Service Portal to create business opportunities using private networks.
- Source: Press Release