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Sunday, Jun 23, 2024
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TECHNOLOGY: SHERVIN ODABAEE

CEO , PELTBEAM

WHY: Heads company developing ways to increase 5G technology range, including bringing the signal indoors efficiently.
IN THE NEWS: Optimal Investment Group, a Sherman Oaks-based private equity firm, had invested $3.5M in Peltbeam as of the summer. OIG says it’s arranging an even larger funding round for the start of next year.
NOTABLE: Partnerships include one with Irvine-based telecommunications firm Movandi.
QUOTABLE: “We’re going to remedy a lot of these technical (5G) issues. We are the only one that is a network system.”

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