Mitsubishi Electric, ME Innovation Fund Invests in Pente Networks Inc.

TOKYO, June 12, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Pente Networks Inc., a U.S.-based startup company that provides Infrastructure-as-a-Service (IaaS)* to promote the introduction of private LTE**/5G networks for enterprises. This is the seventh investment that the fund has made to date.