Wireless Home Broadband Venture Tarana Valued at $1 Billion
- Company fully funded and could IPO as soon as 2023, CEO says
- Khosla Ventures and Prime Movers Lab led $170 million round
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Tarana Wireless Inc.’s valuation has more than doubled to $1 billion on the promise of technology that can beam broadband into homes with speeds that compete with fiber connections.
The lead investors in a $170 million round closed February were Axon Capital LP and growth funds at Khosla Ventures LLC and Prime Movers Lab LLC. They were joined by Kaiser Permanente, the Michigan state pension fund, and I Squared Capital Advisors.