About 5G Open Innovation Lab
5G Open Innovation Lab, an accelerator and incubator program founded in 2019, is based in Seattle, United States. With a presence in 11 countries, it has supported around 96 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, 5G Open Innovation Lab has witnessed 15 portfolio exits. Most notable companies in
its portfolio include Accuknox, Ocient and Pano. The program is backed by a team of 9 people who primarily support Series B startups based in United States. Its latest investment was a $25M Series B round in Synadia on Feb 22, 2024, which also saw participation from ForgePoint Capital and Singtel Innov8.
Key Metrics
Founded Year
2019
Location
Seattle, United States
Sectors of Investment
Stages of Investment
Series B, Seed & 1 more
Locations of Investment
5G Open Innovation Lab's List of Top Investments
5G Open Innovation Lab has a portfolio of 96 companies. Their most notable investmentis in TaqtileTheir portfolio spans across United States, Israel, Canada and 8 more locations. They have invested in High Tech, Enterprise Applications, Auto Tech and 19 other sectors, across stages such as Series B, Seed and 1 more. Here is the list of top investments by 5G Open Innovation Lab:1. Accuknox
Provider of runtime-powered zero trust security for cloud-native applications and AI workloads. This provider offers a comprehensive platform encompassing cloud security posture management (CSPM), cloud workload protection platforms (CWPPs), application security posture management (ASPM), and Kubernetes security. Solutions include vulnerability management, container security, and protection against zero-day attacks and ransomware. The platform supports various deployment models, including on-premise, cloud-delivered, and MSSP-powered options, and integrates with multiple CI/CD pipelines and cloud providers. A key focus is securing AI models, datasets, and inferences. The platform utilizes AI-assisted remediation and automated workflows to enhance efficiency and reduce false positives.
Key facts about Accuknox
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $10.6M
- Employee Count: 197 as on Sep 30, 2026
- Investors: National Grid Partners, Dolby Family Ventures and 7 Others
- Latest Funding Round: Seed, Mar 20, 2023, $*****
- Highlight: Editors' Pick

2. Ocient
Provider of a big data analytics platform. It enables users to capture big data from different data sources and store data in the form of terabytes and petabytes. It allows users to analyze big data and helps organizations and individuals to improve business performance.
Key facts about Ocient
- Founded Year: 2016
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $208M
- Employee Count: 247 as on Sep 30, 2026
- Investors: Zelkova Ventures, Northwestern Mutual and 27 Others
- Latest Funding Round: Series B, Apr 22, 2025, $*****
- Highlight: Editors' Pick

3. Pano
AI-powered wildfire detection and situational awareness for rapid response. This company offers an enterprise-grade wildfire management solution, leveraging Artificial Intelligence to enable faster, collaborative response efforts. The technology helps detect threats early, notify relevant parties of confirmed incidents, and deliver visual intelligence and real-time data. This supports smarter, faster decision-making and enhances community safety. The solution caters to utilities, fire professionals, and landowners, providing actionable intelligence to optimize response efforts, maintain reliable power supply, and protect infrastructure. It is a tech company offering software solutions for wildfire management, contributing to social impact by protecting communities and the environment.
Key facts about Pano
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $89M
- Employee Count: 247 as on Aug 31, 2026
- Investors: Salesforce Ventures, DCVC and 23 Others
- Latest Funding Round: Series B, Jun 17, 2025, $*****
- Highlight: Editors' Pick
4. mimik
Provider of device first continuum AI platform for agentix-native software systems. The platform enables multi agent intelligence to operate, discover, and collaborate across computing layers. It empowers both agentic and traditional workloads to react contextually and autonomously as real world scenarios evolve. The platform allows integration of various AI to create dynamic workflows. It ensures AI executes with security across endpoints, edge, and cloud.
Key facts about mimik
- Founded Year: 2009
- Location: Vancouver (Canada)
- Stage: Series A
- Total Funding till date: $14.4M
- Employee Count: 95 as on Sep 30, 2026
- Investors: 5G Open Innovation Lab, Primera Capital and 4 Others
- Latest Funding Round: Series A, Nov 03, 2021, $*****
- Highlight: Editors' Pick
Provider of network orchestration service and eSIM for IoT connectivity. The company offers a platform to connect and switch between cellular networks. It provides connectivity management, cloud integrations, and voice services. The company's services cater to industries including government, healthcare, mobility, drones, logistics, smart cities, agriculture, and video surveillance.
Key facts about Teal Communications
- Founded Year: 2018
- Location: Bellevue (United States)
- Stage: Series A
- Total Funding till date: $27.1M
- Employee Count: 53 as on Aug 31, 2026
- Investors: Alliance of Angels, 5G Open Innovation Lab and 5 Others
- Latest Funding Round: Series A, Jul 31, 2025, $*****
- Highlight: Editors' Pick
5G Open Innovation Lab's Year-on-Year Investment Trends
5G Open Innovation Lab has invested in 96 companies over the last 4 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Synadia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 3 | 0 | 3 |
2022 | 3 | 0 | 3 |
5G Open Innovation Lab's Investments by Stage
5G Open Innovation Lab has made 3 investments in Series B stage with an average round size of $20.3M, 2 investments in Seed stage with an average round size of $5.5M and 2 investments in Series A stage with an average round size of $13.7M.Stage of entry | No. of Investments |
|---|---|
Series B | 3 |
Seed | 2 |
Series A | 2 |
Note: We have considered here, only first round of investments
5G Open Innovation Lab's Investments by Sector
5G Open Innovation Lab has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Enterprise Infrastructure, Internet of Things - Industry Applications and Artificial Intelligence - Industry Applications. Notably, it has invested in 85 Tech companies, 80 Enterprise (B2B) companies, 68 Software companies and at least 32 companies focusing on Saas.Sector | No. of Investments |
|---|---|
High Tech | 6 |
Enterprise Applications | 5 |
Enterprise Infrastructure | 4 |
Internet of Things - Industry Applications | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
5G Open Innovation Lab's Investments by Geography
5G Open Innovation Lab has made most investments in United States (5), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 5 |
Canada | 1 |
India | 1 |
Note: We have considered here, only first round of investments
5G Open Innovation Lab's recent investments
5G Open Innovation Lab has not made any investment in 2026 so far.Here are the most recent investments by 5G Open Innovation Lab:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 22, 2024 | United States | Series B | 6807 | [+2] | |
Jul 10, 2023 | United States | Series A | 9671 | ||
Mar 20, 2023 | India | Seed | 5123 | [+4] | |
Jan 24, 2023 | United States | Series B | 3641 | [+2] | |
Dec 14, 2022 | Canada | Series A | 3295 | [+7] |
IPOs and Publicly Listed companies in 5G Open Innovation Lab's Portfolio
1 of 5G Open Innovation Lab's portfolio company became public - Elsight. It got listed on the Australian Securities Exchange (ASX), in Jun 2017.Here are 5G Open Innovation Lab's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 08, 2017 | - | - | 7361 |
Acquired companies in 5G Open Innovation Lab's Portfolio
14 companies from 5G Open Innovation Lab's portfolio have been acquired. The most recent acquisition was MIXhalo in Jun 2026 by DeepL for $*****.Here are 5G Open Innovation Lab's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 17, 2026 | - | - | 3765 | |
Aug 20, 2025 | - | - | 1152 | |
Jun 24, 2025 | Jan 24, 2023 | Series B | 3950 | |
May 29, 2025 | - | - | 9557 | |
Apr 11, 2024 | - | - | 2073 |
Team profile of 5G Open Innovation Lab
5G Open Innovation Lab has a team of 9 members including 2 Partners located in United States. 5G Open Innovation Lab's team does not sit on the board of any company as of now.Co-investors of 5G Open Innovation Lab
Over the past 4 years, 62 investors have co-invested in 5G Open Innovation Lab's portfolio companies. This includes funds and angels.
- Invested before 5G Open Innovation Lab: SRI, Z5 Capital and 41 others have invested in rounds before 5G Open Innovation Lab. There is 1 company where SRI has invested before 5G Open Innovation Lab and 1 company where Z5 Capital has invested before 5G Open Innovation Lab.
- Top Co-investors of 5G Open Innovation Lab: 16 investors entered a company along with 5G Open Innovation Lab. These include investors like MDSV Capital (1 company).
- Invested after 5G Open Innovation Lab: A total of 3 investors have invested in 5G Open Innovation Lab's portfolio after their investments. Top Investors include Giant Ventures (1 company) and Liberty Mutual Strategic Ventures (1 company).
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