Nova Labs Buying FreedomFi for Undisclosed Sum

Nova Labs, which founded Helium Network and promotes decentralized wireless infrastructure, announced Thursday it’s buying FreedomFi, which develops software for crowdsourced 5G networks (see 2206130047). It cited FreedomFi's "deep expertise in the development of open source tools for deployment and management of next-generation distributed mobile networks." The terms weren’t disclosed. FreedomFi is funded by Blueyard Capital, Qualcomm Ventures and Samsung Next.