Israeli company Celeno that specialises on components for industry-grade Wi-Fi equipment has raised $10 million in a funding round led by Iris Capital, with participation from existing investors including Cisco and Liberty Global. Celeno expects to use the fresh funding to step up its marketing efforts in Europe and develop new products for IoT.

Founded in 2005 in the city of Ra’anana, Celeno currently employs a total of more than 150 people across its offices in Israel, Europe, Asia, and the US. To date, the company has raised a total of $116 million, including the current round.

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