Pivotal Commware Raises $50 Million to Expand its 5G Business

Pivotal Commware, a global leader in 5G mmWave infrastructure products, has closed a $50 million funding round led by an affiliate of Tracker Capital Management, LLC, a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. 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 raised will be used for the expansion of product support, distribution, and R&D associated with Pivotal’s comprehensive mmWave product ecosystem, which includes its WaveScape network modeling tool, Pivot 5G outdoor network repeaters, Echo 5G indoor subscriber repeaters, and Intelligent Beam Management System (IBMS) for remote management and optimization. Capital and cash flow from operations will also be used to extend Pivotal’s products and services into mid-band frequencies like the recently auctioned C-Band, CBRS, Band n53, and other upcoming frequency bands.

For 5G, ultra-wideband mmWave is the real game-changer, and Pivotal has built the complete solution for rapid, cost-effective deployment of these high-value networks. They are extremely pleased to have a partner like Tracker Capital, with its extensive telecom horsepower and expertise that shares our vision for the future of our crucial and rapidly expanding industry.

Pivotal COO Chris Brandon commented that this capital will allow Pivotal to become a significant 5G telecom infrastructure provider on a global stage.

Alongside the investment from Tracker Capital, Dr. Shaygan Kheradpir will join the Board of Directors of Pivotal. He is a senior advisor to Tracker Capital who formerly served as Verizon’s Group CIO, Barclays Bank Group COO, and Coriant and Juniper Networks CEOs.

Dr. Kheradpir commented on the investment from Tracker Capital: “Pivotal has cracked the code for mmWave 5G. Their ecosystem is critical to mobile network operators around the world, and the future of U.S.-based telecom infrastructure. To deliver on the promise of 5G for industrial internet and immersive web, quantum step improvements in throughput, capacity, latency, and precision are required for the new wave of devices and applications. As the world shifts to mobile edge computing, Pivotal delivers a demonstrable competitive advantage for deploying true 5G applications with dramatically improved efficiency and performance.”

Since its inception, Pivotal has benefited from an extremely strong and supportive investor base. With Tracker Capital leading the Series C, they maintain that momentum. Pivotal is seeking to be the U.S.-based leader of 5G technologies. The progress that Pivotal has recently made in mmWave technologies has been impressive, and this capital will be used to turbocharge the company’s development.

Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. 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.

Click here to learn more about the interview with Pivotal Commware.

Click here to learn more about Echo 5G Repeater.