Investment Summary

Mitsubishi Electric Invests In Pente Networks

On June 11, 2024, Mitsubishi Electric invested in communications company Pente Networks

Investment Highlights
  • This is Mitsubishi Electric’s 1st transaction in the Communications sector.
  • This is Mitsubishi Electric’s 4th transaction in the United States.
  • This is Mitsubishi Electric’s 1st transaction in New Jersey.

Investment Summary
Date 2024-06-11
Target Pente Networks
Sector Communications
Investor(s) Mitsubishi Electric
Deal Type Stake Purchase

Target

Pente Networks

Hackensack, New Jersey, United States
Pente Networks is a U.S.-based startup company that provides Infrastructure-as-a-Service (IaaS) to promote the introduction of private LTE/5G networks for enterprises. Pente Networks is based in Hackensack, New Jersey.

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Investor(S) 1

Investor

Mitsubishi Electric

Tokyo, Japan
Category Company
Founded 1921
Sector Electrical Equipment
Employees149,134
Revenue 5.26T JPY (2024)
DESCRIPTION

Mitsubishi Electric engages in the manufacture and sales of electrical and electronic products and systems used in a broad range of fields and applications. Mitsubishi Electric was founded in 1921 and is based in Tokyo, Japan.

DEAL STATS #
Overall 14 of 14
Sector (Communications) 1 of 1
Type (Stake Purchase) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 HaydenAI

San Francisco, California, United States

HaydenAI is a startup company that provides traffic violation enforcement services using image analysis technology. HaydenAI is based in San Francisco, California.

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