Verana Networks, a developer of 5G radio-access networks (RAN) products for the mmWave spectrum, has announced that it will conduct field trials of its ground-breaking 5G mmWave Integrated Access and Backhaul (IAB) system with Verizon.
Verana’s mmWave 5G small cells can provide wireless backhaul to other Verana 5G small cells while continuing to provide 5G access to smartphones and fixed wireless access (FWA) devices. Its scalable, multi-hop IAB offering reduces the number of fiber backhaul links required to build a mmWave 5G network by more than 90% – reducing CapEx and OpEx, while increasing flexibility in site selection and the speed of network rollout.
“Millimeter wave spectrum is abundant and inexpensive but providing 5G coverage using this spectrum is cost-prohibitive today,” said Vedat Eyuboglu, CEO, and co-founder of Verana Networks. “To transform the economics of mmWave 5G deployment, Verana is building a mmWave 5G RAN solution with integrated multi-hop wireless self-backhaul and several other innovations that optimize system cost, power consumption and performance.”
“Millimeter wave spectrum is the foundation of Verizon’s 5G Ultra Wideband service, providing faster speeds and massive bandwidth for streaming, gaming, and connecting – at home or at work,” said Bill Stone, VP of Technology and Planning at Verizon. “Verana’s multi-hop IAB system promises to enhance our 5G network performance even more. We look forward to trialing it to enhance the reach of our 5G Ultra Wideband network.”
Verana offers a complete, virtualized RAN solution, including purpose-built, plug-and-play 5G small cells providing 360o coverage for both access and backhaul that reduce cost and simplify deployment. All Verana products are 3GPP and O-RAN compliant.
Verana has raised more than $43 million in venture capital in two funding rounds since its founding in early 2020, including investment from Verizon’s corporate venture organization, Verizon Ventures.