Mobile network automation startup secures $32M Series B financing
Cellwize Wireless Technologies Inc., has announced a $32 million Series B funding round in its parent company, Cellwize Wireless Technologies Pte. Ltd., led by Intel Capital and Qualcomm Ventures LLC with participation from Verizon Ventures, Samsung Next, and existing shareholders. The investment follows the significant market traction gained over the past year by Cellwize CHIME, the company’s next generation RAN automation and orchestration platform. With CHIME, Cellwize has captured a leading position in the mobile network automation domain, playing a strategic role in 5G rollouts for global tier-1 carriers.
Cellwize will use the funds raised to expand its global footprint, penetrate adjacent markets, such as private LTE/5G networks, and to enhance the features and capabilities of its CHIME platform and its value proposition for the existing customer base, which includes its artificial intelligence and machine learning capabilities.
CHIME enables operators to accelerate their 5G deployment by automating key business processes in the RAN domain. With its open architecture and open API layer, it also enables them to add self-created network applications on top of a multi-vendor RAN ecosystem with ease and simplicity, delivering high quality of service, an improved customer experience, accelerated time-to-market, and reduced costs.
The Cellwize platform leverages artificial intelligence and machine learning for zero-touch 5G deployments, for automating 2G/3G/4G/5G network optimization, and for delivering mobile network assurance. Through this combination of advanced capabilities, operators can democratize their network management functions and deliver fast innovation with unprecedented flexibility, scalability, and agility to monetize 5G and accelerate the revolution.
“Cellwize and Intel Capital are aligned in their vision that Cellwize’s cloud-native platform, which includes AI-based automation technology, will help customers deploy complex 5G networks in a more efficient, scalable, and flexible way,” said David Flanagan, vice president and senior managing director at Intel Capital.
“Qualcomm is at the forefront of 5G expansion, creating a robust ecosystem of technologies that will usher in the new era of connectivity,” said Merav Weinryb, Senior Director of Qualcomm Israel Ltd. and Managing Director of Qualcomm Ventures Israel and Europe. “As a leader in RAN automation and orchestration, Cellwize plays an important role in 5G deployment.”
Intel Capital, Qualcomm Ventures, Verizon Ventures and Samsung Next join the existing Cellwize shareholders, including Viola Ventures, DTCP, GreenApple Tech part of Dar Global, Vintage Investment Partners, and Sonae IM.
www.cellwize.com
www.intelcapital.com
www.qualcommventures.com
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