[Funding alert] Cavli Wireless Raises $10 Million In Series A Round

Cavli Wireless, a participant in the cellular IoT system, secured $ 10 million in Series A round from international investors. Chiratae Ventures and Qualcomm Ventures took the forefront in the funding round.

The company, which has offices in four continents, provides IoT solutions to manufacturers in more than 30 countries. With the help of Cavli's extensive portfolio of IoT network solutions and its network management cloud platform, Cavli Hubble, businesses are able to capitalise on the potential of IoT to accelerate their technological change and open up new growth prospects, as reported by bwdisrupt.com.

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“This Series A will enable us to strengthen our position in the global IoT market by expanding our product portfolio, enhancing R&D capabilities, and growing our 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. With our platform solution Cavli Hubble tightly integrated with our hardware portfolio, we are confident that Silicon to Cloud integration, in its true sense, is now a reality,” said John Mathew, CEO of Cavli.

Commenting on the fundraise, TCM Sundaram, Founder, and Vice Chairman of Chiratae Ventures, said, "Cavli Wireless has demonstrated a strong commitment to innovation and customer success, positioning the company as a leader in the intersection of Mobility & IoT space. We are excited to support Cavli's vision and believe their unparalleled IoT connectivity expertise will enable them to become an indispensable partner for businesses worldwide."

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About Cavli Wireless

John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A. Zeeb started Cavli Wireless in 2016. Cavli develops and manufactures 4G and 5G global connectivity cellular modules with an integrated e-SIM. The company launches a distinctive range of eSIM-integrated smart IoT modules with built-in local LTE, LPWAN, and 5G* network connectivity.

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