5G Open Innovation Lab (5G OI Lab) has announced that international telecommunication provider AT&T and Comcast have joined its ecosystem. The Lab also announced its batch #8 cohort with over $313 million (€293.09 million) in venture capital raised and 17 multi-stage startups embarking on 5G OI Lab’s fall programme, which begins this week. The Lab has established itself as an ecosystem provider since its inaugural batch #1 introduced in May 2020 becoming a destination for global startups, technology platforms, integration, and enterprises.
“As evidenced by the 118 startups in our ecosystem, the combination of 5G and edge is unlocking a massive wave of collaborative innovation in cloud, edge and AI (artificial intelligence) across every industry from agriculture and power generation to manufacturing, logistics and medicine. We are thrilled to welcome AT&T and Comcast as founding partners to help drive our vision to bring industry experts together and, collectively, drive innovation into overlapping ecosystems. 5G and edge are new foundations that can be used to drive new business models and technology across segments and companies.” says Jim Brisimitzis, founder and general partner of 5G Open Innovation Lab.
AT&T provides mobile, broadband and other communications services to US based consumers and nearly 2.5 million companies globally from small business to nearly all fortune 1000 with high secure, smart solutions. From initial phone call 140+ years ago to its 5G wireless and multi-gig internet offerings, AT&T improve lives and connect people to large possibility. Backed by research and development capabilities of AT&T Labs, AT&T’s commitment to creation has made it a global provider in communication solutions.
“Collaboration is the key to innovation. As we continue forging ahead to realise 5G’s full potential, it is important to work with the nimble startup and innovation community so we can move faster and solve real-world technology challenges more holistically and effectively for our customers. We are excited to be part of that start-up thinking with the 5G Open Innovation Lab.” says Jay Cary, vice president, strategic alliances, corporate strategy at AT&T.
Comcast Corporation is a global media and technology company that brings together connectivity and platforms with content and experiences to reach hundreds of millions of customers, viewers, and guests worldwide. Through Xfinity, Comcast Business and Sky, the company provides broadband, wireless, and video; and through NBC, Telemundo, Universal, Peacock and Sky it produces, distributes, and streams leading entertainment, sports, and news. Comcast’s universal destinations and experiences team brings theme parks and attractions to life for guests across globe.
“The cycle of innovation often begins in small companies where a new idea can challenge existing ones, and Comcast has had success taking risks and embracing these new ideas. Engaging with the startup community through our own Lift Labs or with organisations like the 5G Open Innovation Lab is an important factor not only in our own efforts but to push the industry forward in exciting new ways.” says Tom Nagel, senior vice president wireless strategy at Comcast.
Batch #8 welcomes 17 startups to 5G OI Lab’s open ecosystem bringing total number of participating companies to 118. The multi-stage startups selected for Lab’s fall batch #8 hail from around globe and represent advanced enterprise solutions in fields such as real-time logistics and tracking, robotics, private mobile network security and IoT (internet of things) enablement. Since 5G Open Innovation Lab’s programme inception in 2020, participating startups and alumni have raised a lifetime total of $2.088 billion (€1.96 billion) with several exits valued at $200+ million (€187.28 million).
The startups selected to join 5G Open Innovation Lab’s fall batch #8 include:
- Airspace – At Airspace, we believe in potential drones have to positively impact the ways in which we do business, deliver services, and respond to emergencies. In order for that to happen, drones need to be flown safely.
- ASOCS – ASOCS provides a virtualised private 5G network solution, along with 5G positioning services for enterprises that require mission-critical, data-driven applications. ASOCS products are delivered on a scalable software as a service (SaaS) model.
- Clevon– Clevon develops and manufactures robot carriers, making last-mile delivery more creative, environmentally friendly and productive.
- Cumucore – Cumucore is a light mobile core with industry 4.0 feature set to enable future mobile private networks.
- Eridan – Eridan is building digital sampling radio for 4G, 5G, and beyond.
- Expanso – Expanso, building upon their open-source project bacalhau, offers a platform for distributed compute. They orchestrate jobs to run where data is generated and stored, providing secure solution for large-scale data processing.
- Golioth – Golioth is positioned to enable custom IoT hardware to scale from one device to millions.
- HeadSpin – HeadSpin enables testing and monitoring of mobile, web, audio/video applications in real-time with AI-based insights.
- Intuitive robotics – Intuitive robotics leverages advanced technologies, including 5G, edge computing, computer vision AI, generative AI, IoT, data analytics, and cloud computing, to deliver SaaS solutions capable of addressing complex challenges across diverse industries such as agriculture, renewable energies, oil and gas, mining, and public safety.
- Kallipr – Kallipr are more skilfull in remote monitoring IoT solutions that automate data generation at its edge, allowing industries to increase operational productivity, reduce operating costs and improve sustainability.
- Namla – Namla cloud provides a platform that allows companies of any size to automatically deploy & manage thousands of edges in the best-optimised way.
- Nubix – Nubix is an edge native application platform to build, deploy and manage IoT and edge applications.
- OneLayer – OneLayer provides zero security and full asset management capabilities to IoT and other devices connected to a private cellular network.
- Orion Labs– Orion provides edge-optimised voice collaboration for frontline workers with encrypted, secure push-to-talk (PTT), location and media, and voice AI commands, queries and workflows for process automation.
- Pratexo – Pratexo brings benefits of hybrid and distributed cloud computing to edge of power systems that drive energy transition.
- Real life robotics – Real life robotics is changing the way companies manage their labor. With our customisable cargo robotics platform, BUBs, we help clients fill labor gap and focus their people on more value-added tasks.
- Reelables – Reelables smart labels automate data collection with real-time visibility into supply chain operations and performance.
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