Allens advised Canopus Networks on the transaction.
AI-driven network analytics Canopus Networks has announced a $10 million Series A capital raise and strategic partnership with lead investor Pentanet, who acquired 13.4 per cent of the business.
The new funding will allow Canopus Networks to accelerate its growth and expand into 5G, gaming and international markets.
The investment is due to complete on 24 December 2021.
Canopus Networks was founded by Professor Vijay Sivaraman and Himal Kumar from UNSW’s School of Electrical Engineering and Telecommunications, who are leaders in Software Defined Networking. The company is based on technology researched and developed over many years at UNSW, Sydney. Canopus’ mission is to embed itself in the heart of every global network to transform network user experience and re-define the way networks are operated.
The Allens’ team was led by Elyse Adams (Managing Associate) (Picture) and included Madeleine Hunt (Senior Associate), Isabelle Vo (Associate), Catherine Gamble (Associate)(Corporate).
Law Firms: Allens;
Clients: Canopus Networks;