Neutroon, a Networks-as-a-Service (NaaS) platform that seeks to accelerate private LTE and 5G networks for industry, smart cities and rural areas, has closed a financing round of 530,000 euros. Shared Access, the wireless telecommunications infrastructure company, headed up the investment that will allow Neutroon to continue developing its product and accelerate growth.
There are currently more than 13 billion connected devices in the world and it’s estimated that by 2025 there will be 30 billion. With more people demanding more connectivity than ever before, the expansion of private 5G and LTE networks – which allow more localized, private and cybersecure connections – has become essential. Shared Access stands with Neutroon at the forefront of this revolution.
Over the next five years, 5G will become the connectivity standard in industrial and critical environments, partly displacing existing networks such as WiFi. This accelerated growth is based on the disruption of edge computing, 5G and the release of the radio spectrum in countries such as the US, the United Kingdom and Germany.
Shared Access will help propel Neutroon through its unique partnerships and expertise in designing, building, owning and running networks such as the state-of-the-art DAS system that Shared Access owns and operates at the Aviva Stadium in Dublin, and the new Tottenham Hotspur Stadium in London.
Shared Access also brings capital investment options to Neutroon’s customer base, de-risking the investment process through innovative funding options. This approach is key to new technologies being implemented at scale.
Sam Jackman, Chief Development Officer at Shared Access, said: “Shared Access has demonstrated that different types of solutions are needed to fix different types of problems – from mast investments that benefit grassroots football clubs, to marina WiFi solutions and major DAS stadia investment. We’re really excited about the future of private 5G networks and pleased to be adding our experience and investment offering to Neutroon’s expertise in this sector.”