Wilson Sonsini Advises Pivotal Commware on $50 Million Series C
- Client Highlights
- Communications and Networking
- Mobile Devices
On February 11, 2021, Pivotal Commware (Pivotal), a global leader in 5G mmWave infrastructure products, announced the closing of a $50 million Series C financing round led by an affiliate of Tracker Capital Management, a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital is joined in this round by Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Pivotal’s existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing. Wilson Sonsini Goodrich & Rosati represented Pivotal Commware in the transaction.
Pivotal is a leading developer of communications platforms, systems, and applications based on Holographic Beam Forming® technology. Mobile network operators use Pivotal’s products to cost-effectively deploy 5G millimeter Wave (mmWave) networks for mobile and fixed wireless access (FWA) that accelerate time to revenue.
The new capital raise will be used for the expansion of product support, distribution, and R&D associated with Pivotal’s comprehensive mmWave product ecosystem. Capital and cash flow from operations will also be used to extend Pivotal’s products and services into mid-band frequencies.