ACT invests in Ambeent, providing 5G WiFi cloud SAAS solutions.
ACT made a seed investment to Ambeent, a start-up developing a 5G WiFi cloud SAAS solution for rapidly emerging multi-billion dollar 5G carrier market.
WiFi is being prepared for use by the carriers in a big way. In 2016 alone, there will be more than 16M WiFi new access point installations compared to 500K 4G small cell installations and market will be over $10B. Even with vast number of installations, Wi-Fi connections are getting worse (reaching 3 devices per subscriber), due to their inherited unlicensed nature. Ambeent provides a 5G WiFi cloud solution over SDN and NFV framework that inherently consolidates current disconnected islands of WiFi access points even in existing enterprise and home WiFi/LTE-U networks.
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