On Tuesday, Betacom announced that it has secured $15M in funding from private investors including Braxton Carter, past CFO of T-Mobile. The funds will be used to drive adoption of Betacom 5G-As-A-Service, a new venture designed to be the industry’s first fully-managed private wireless service. The concept behind the service is that Betacom enterprise customers will retain ownership of the network in addition to local control of their data. Network management will be delivered via Betacom Network Operations Center (NOC), hosted on Microsoft Azure.
“Private 5G networks have incredible potential to revolutionize the way that a number of industries, including transportation, manufacturing and logistics, conduct their business and accelerate their progress,” said Carter. “But design, deployment and management of these complex networks can be strong barriers to realizing the benefits. Betacom is exactly the right company to eliminate those barriers for enterprises of all sizes, and I am extremely enthusiastic to be able to partner with and support them as they bring this much-needed new offering to market.”
“We are excited to see Betacom leveraging the power of Azure’s AI/ML capabilities to launch an innovative 5G service,” said Shawn Hakl, vice president of 5G strategy at Microsoft. “Betacom’s private 5G managed network offering will address a wide variety of challenges that enterprises face with regard to network security, control, cost and complexity.”
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