Celerway
Enables customers to harness the power of multiple simultaneous wireless and wired connections to take their networks where they need them to be.
| Date | Investors | Amount | Round |
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| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
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| N/A | €0.0 | round | |
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* | NOK40.0m | Early VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 16 % | (4 %) | 137 % | 27 % | 46 % | 20 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (136 %) | (46 %) | (163 %) | (23 %) | (16 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (135 %) | (59 %) | (188 %) | (45 %) | (67 %) | (121 %) | (138 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Celerway Communication AS, established in 2012 as a spin-off from the University of Oslo and the Simula Research Laboratory, specializes in providing robust mobile connectivity solutions. The company originated from years of research by its founder, Audun Fosselie Hansen, who now serves as the CEO. Hansen's background includes a PhD in mobile communication and experience as a research scientist, which directly informs the company's technological foundation. Celerway is headquartered in Oslo, Norway, with a U.S. office in Silicon Valley.
The firm targets sectors requiring uninterrupted internet access in remote or mobile environments, such as maritime, transportation, and first responders. Celerway's business model revolves around the sale of its hardware products—multi-WAN routers and edge devices—and its proprietary software platform, Nimbus. This platform enables the aggregation of multiple internet connections (e.g., 4G, 5G, Wi-Fi, satellite) to create a single, resilient, and high-bandwidth network. Revenue is generated through hardware sales and recurring software licenses for the management and orchestration capabilities of the Nimbus platform.
Celerway's core offering is a suite of software-defined multi-WAN routers designed for mobility and field use. These devices are managed through the Celerway Nimbus cloud platform, which allows for remote deployment, management, and monitoring of the network infrastructure. A key feature is the Celerway Phantom technology, a dynamic VPN that ensures seamless connectivity by intelligently routing traffic across the best-performing available network paths. This approach provides load balancing and session continuity, which is critical for applications like live video streaming or maintaining stable connections on moving vehicles. The combination of specialized hardware and a sophisticated software layer for network orchestration provides a distinct advantage for clients operating in challenging connectivity landscapes.
Keywords: mobile connectivity, multi-WAN routers, network aggregation, software-defined networking, edge computing, uninterrupted internet, first responders, maritime connectivity, remote access, transportation networking