Saguna Networks Ltd. announced that it has received $5 million in funding from Akamai Technologies, Inc., SOFTBANK Ventures Korea Inc., Xenia Venture Capital Ltd.
On February 12, 2015, Saguna Networks Ltd. closed the transaction. The company has received $5 million in funding. The round was led by new investors SoftBank Ventures Korea Inc. and Akamai Technologies, Inc. which invested $1.20 million in the round. The transaction included participation from existing investors including Xenia Venture Capital Ltd. As part of the transaction, Ben Weiss, a Venture Partner at SoftBank Ventures Korea Inc. will join as board observer and Lior Netzer, General Manager at Akamai Technologies, Inc. will join the company's board of directors.