The IoT semiconductor company plans to enhance its manufacturing base in India and launch innovative 5G and automotive solutions
Cavli Wireless, a prominent player in the Cellular IoT ecosystem, recently announced the closure of its $10 million Series A funding round. The round was led by Chiratae Ventures and Qualcomm Ventures, with participation from a major US technology conglomerate. Cavli Wireless, known for designing and manufacturing cellular modules in 4G and 5G technologies with integrated eSIM and global connectivity, plans to use this funding to strengthen its position in the global IoT market.
The company, which began its journey in 2017, has grown into a global team spread across four continents, delivering IoT solutions to product makers from over 30 countries. The new funding will be used to expand Cavli’s product portfolio, enhance R&D capabilities, and grow its international presence. The company also plans to invest in cutting-edge technologies, such as 5G with edge processing capabilities, to address the automotive and industrial sectors globally.
Cavli’s comprehensive suite of Cellular IoT smart modules, backed by its connectivity management cloud platform – Cavli Hubble, provides businesses with the infrastructure needed to harness the power of IoT, driving digital transformation and creating new opportunities for growth. 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.
Cavli Inc., headquartered in San Jose, California, is revolutionizing the cellular IoT industry with its disruptive hardware and cloud solutions. The company’s commitment to quality and innovation has earned it a reputation as a trusted partner for businesses worldwide seeking to unlock the full potential of IoT.
