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Parallel Wireless

Boston, US · Founded 2012 · Delaware corporation · 822 employees on LinkedIn · 8 known investors

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Parallel Wireless develops open radio access network (RAN) software and solutions for telecommunications operators. The company provides cost-effective, resilient LTE and 5G network architecture for wireless communications.

Cloud ComputingDeep TechEnterprise SoftwareHardware

Founders & leadership

Parallel Wireless was founded in 2012 by Sridhar, Kaitki, Steve Papa, and Rajesh Mishra.

S
SridharCo-founder
K
KaitkiCo-founder, Chief Product Officer
SPSteve Papa
Steve PapaFounder and CEOSteve Papa founded Parallel Wireless and previously founded and served as CEO of Endeca, an enterprise software company acquired by Oracle in 2011 for approximately $1.1 billion. He was part of the original team at Akamai, worked at Inktomi and Teradata, and holds an MBA from Harvard and a BS in Operations Research and Economics from Princeton University.
RM
Rajesh MishraFounder, President & CTO2012–2020Rajesh Mishra is an executive and director at Parallel Wireless, which develops open radio access network software for telecommunications operators. He previously worked in VoIP/IMS technology and holds over 100 patents.

Investors · 8

First Star Ventureslisted by First Star VenturesCambridge · $100K – $1M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

First Star Ventureslisted by First Star Ventures
Floodgatelisted by FloodgateMenlo Park · $500K – $5M

How we know: Floodgate's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

G Squaredlisted by G SquaredChicago

How we know: G Squared's portfolio page · Not right? Tell us

SIP Global Partnerslisted by SIP Global PartnersPortsmouth
Western Technology Investmentlisted by Western Technology InvestmentPortola Valley

How we know: westerntech.com · Not right? Tell us

EchoVC PartnersreportedLagos · $100K – $5M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$8.8M disclosed across 1 round · 2016

▶$8.8MraisedFeb 2017 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Steve PapaExecutive Officer, Director
  • Rajesh MishraExecutive Officer, Director
Offering amount
$50M
Amount sold
$8.8M
First sale
Feb 2016
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through Parallel Wireless went on to found or lead other companies.

Rajesh MishraExecutive Officer, DirectorFounded A5GnetChristopher SullivanChief Financial OfficerFounded Gazelle

Related companies · 4

CiscoCisco Systems designs and sells networking hardware, software, and services—including routers, switches, and cloud-based applications—to enterprise, service provider, and consumer markets globally.
CelonaCelona provides a turnkey wireless solution for enterprise customers with Series C funding exceeding $135M to support global expansion.
ArubaEnterprise networking (Wi-Fi, switches, SD-WAN) with cloud-managed security for campuses & branches
AlienVaultAT&T is a telecommunications provider offering wireless mobile plans, smartphones, and related connectivity services to consumers. It sells devices such as the Samsung Galaxy line alongside mobile phone plans and switching offers.

Companies working in the same space as Parallel Wireless.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase I2019$49.7K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Parallel Wireless do?
Parallel Wireless develops open radio access network (RAN) software and solutions for telecommunications operators. The company provides cost-effective, resilient LTE and 5G network architecture for wireless communications.
Who founded Parallel Wireless?
Parallel Wireless was founded by Sridhar, Kaitki, Steve Papa, Rajesh Mishra in 2012.
Who are Parallel Wireless's investors?
Parallel Wireless's investors include DN Capital, First Star Ventures, First Star Ventures, Floodgate, G Squared, SIP Global Partners, Western Technology Investment, EchoVC Partners.
How much funding has Parallel Wireless raised?
Parallel Wireless has disclosed $8.8M raised across 1 round.
Where is Parallel Wireless headquartered?
Parallel Wireless is headquartered in Boston, US.