- Qualcomm Ventures and Chiratae Ventures led the funding round.
- The company plans to invest in 5G with edge processing capabilities for the international automotive and industrial sectors.
Internet-of-Things (IoT) connectivity solutions startup Cavli Wireless has raised $10 million after the completion of its Series A funding round.
Qualcomm Ventures, the investment arm of Qualcomm Technologies and Indian venture capital firm Chiratae Ventures, led the funding round. The funding round also saw the participation of a major US technology conglomerate, whose name was not revealed.
The company plans to utilise the latest funding infusion to expand its product portfolio and enhance research and development capabilities. In the press statement, the company said it intends to invest in 5G with edge processing capabilities for the international automotive and industrial sectors.
The California-based designer and manufacturer of 4G and 5G cellular modules, with integrated eSIM and global connectivity, currently operate across the United States, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.
The company’s IoT platform, Hubble, is designed to simplify and accelerate the deployment of IoT solutions. It provides tools and features to manage and monitor any IoT device throughout its lifecycle.
“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,” said John Mathew, CEO of Cavli Wireless.
Quinn Li, Senior Vice President of Qualcomm Technologies, Inc. and global head of Qualcomm Ventures, explained the need for solutions that support IoT adoption and connectivity at the edge. “With the growing penetration of 5G and increasing demand for IoT-enabled applications across industries, the need for solutions that help customers accelerate the development and deployment of IoT products has become essential. Cavli’s solution integrates modem hardware, connectivity, and device management into a single platform helping businesses easily deploy their IoT products,” he said.
Cavli’s COO, Tarun Thomas George, noted the alignment of the investors’ vision with Cavli’s goals. He stated, “We are delighted to welcome such a distinguished group of global investors on board, who resonate completely with our vision. With this investment, we are poised to accelerate the pace of developing and delivering innovative IoT technologies that can drive change.”
