Celtro raises $20,000,000

Celtro Ltd., a pioneer and leading global supplier of creative switching solutions for the mobile backhaul network, today announced the successful completion of a US $20 million financing round that will capitalize the company to profitability.  This round of financing demonstrates continuing confidence in the company and its technology, management, strategy of focusing on the mobile backhaul, and - especially - its accomplishments in the fast growing mobile backhaul network market.  “we are delighted to have raised such a significant round of funding, and are encouraged by our investors’ confidence in what has become one of the most important mobile infrastructure playing fields - the backhaul network,” said Ron Zor, Chairman and CEO of Celtro.