Cradlepoint Closes $48 Million Growth Equity Financing

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BOISE, Idaho--(BUSINESS WIRE)--Cradlepoint, the global leader in 4G LTE networking solutions for distributed enterprises, has closed a Series B round of $48 million growth equity funding. The proceeds will be used to accelerate its international expansion and development of industry-leading cloud-managed Wireless Wide Area Networks (WWAN) and security solutions. The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group. Cradlepoint’s cloud-managed 4G L

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