July 5, 2023
Cavli Wireless has closed a $10 million series A funding round as it looks to accelerate its global expansion and deepen its manufacturing base in India.
The cellular IoT semiconductor company designs and manufactures cellular modules in 4G and 5G technologies with integrated eSIM and global connectivity.
CEO John Mathew said the funding will help strengthen Cavli's position in the global IoT market by expanding the company’s product portfolio, enhancing research and development and growing its international presence.
“Cavli plans to invest in cutting-edge technologies, such as 5G with edge processing capabilities, to address the automotive and industrial sectors globally,” Mathew said. “With our platform solution Cavli Hubble tightly integrated with our hardware portfolio, we are pretty confident that Silicon to Cloud integration in its true sense is now a reality.”
The funding round was led by Qualcomm Ventures and Chiratae Ventures.
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