Cavli Wireless, telecom IoT startup Cavli Wireless has secured $10 million in a Series A round of funding to expand business, R&D and new product development.
“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,” said Cavli Wireless CEO John Mathew. Mathew further stated that Cavli plans to invest in areas such as 5G with edge processing capabilities.
The San Jose, US-headquartered firm which has an R&D Centre offerings include IoT solutions to telecom product makers from 30+ countries and has a presence in the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.
Cavli Wireless Well Poised to bite into Growing Global IoT Market
According to Cavli Wireless, the investment comes at a time when the global IoT market is experiencing rapid growth, with the number of connected devices projected to surpass 30 billion by 2025.
The startup claimed that its suite of IoT connectivity solutions, backed by its connectivity management cloud platform—Cavli Hubble, provides businesses with the infrastructure needed to harness the power of IoT.
“Cavli Wireless has demonstrated a strong commitment to innovation and customer success, positioning the company as a leader in the intersection of mobility and IoT space,” shared TCM Sundaram, Founder, and Vice Chairman, Chiratae Ventures.
Founded in 2017 by John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil Zeeb, Cavli Wireless designs and manufactures cellular modules in 4G and 5G technologies with integrated eSIM.
The Cavli Wireless Funding round was led by led by Chiratae Ventures and Qualcomm Ventures.
