Cavli Wireless, a prominent player in the Cellular IoT ecosystem, has successfully concluded its Series A funding round, raising a significant $10 million from global investors. The round was led by Chiratae Ventures and Qualcomm Ventures, with participation from a major US technology conglomerate. The funding will empower Cavli Wireless to accelerate its global expansion efforts. The recent round of funding totals Cavli’s fund raised to $12.7 million in four rounds of investment.
Established in 2016 and headquartered in San Jose, Cavli Wireless specializes in the design and manufacturing of cellular modules that incorporate 4G and 5G technologies, along with integrated eSIM and global connectivity. The company embarked on its journey in 2017 with a mission to simplify and globalize the Internet of Things (IoT). Since then, Cavli has grown into a global team spread across four continents, providing IoT solutions to product makers in over 30 countries. With operations already established in countries such as the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany, Cavli Wireless has cemented its position as a truly global company.
The infusion of $10 million in Series A funding will enable Cavli Wireless to bolster its position in the global IoT market by expanding its product portfolio, enhancing research and development capabilities, and further expanding its international presence. The company plans to invest in cutting-edge technologies, including 5G with edge processing capabilities, to cater to the automotive and industrial sectors worldwide. Cavli Wireless aims to deliver a comprehensive platform solution, Cavli Hubble, tightly integrated with its hardware portfolio, thereby realizing true Silicon-to-Cloud integration.
John Mathew, CEO of Cavli Wireless, expressed his optimism about the Series A funding, stating, “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 pretty confident that Silicon to Cloud integration in its true sense is now a reality.”
Tarun Thomas George, COO of Cavli Wireless, echoed the sentiments of excitement and enthusiasm, emphasizing the profound impact this funding will have on their ability to drive transformative changes in the IoT landscape. He stated, “We are delighted to welcome such a distinguished group of global investors on board, who resonate completely with our vision. Our team is united by a passion for developing and delivering innovative IoT technologies that can drive transformative changes to our customers, and with this investment, we are poised to accelerate the pace of that change.”
The investment from Chiratae Ventures and Qualcomm Ventures highlights their confidence in Cavli Wireless and their recognition of the company’s commitment to innovation and customer success. TCM Sundaram, Founder, and Vice Chairman of Chiratae Ventures, expressed their support for Cavli Wireless, stating, “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.”
Quinn Li, Senior Vice President of Qualcomm Technologies, Inc. and global head of Qualcomm Ventures, emphasized the increasing demand for IoT-enabled applications and the significance of solutions that accelerate the development and deployment of IoT products. He said, “With the growing penetration of 5G and increasing demand for IoT-enabled applications across industries, the need for solutions that help customers accelerate development and deployment of IoT products has become essential. Cavli Wireless’ intelligent solution integrates modem hardware, connectivity, and device management into a single platform helping businesses easily deploy their IoT products. We’re excited to invest in Cavli Wireless to support IoT adoption and connectivity at the edge.”
The investment in Cavli Wireless comes at a time when the global IoT market is experiencing rapid growth, with projections indicating that the number of connected devices will surpass 30 billion by 2025. With its comprehensive suite of IoT connectivity solutions and the support of its connectivity management cloud platform, Cavli Hubble, the company is well-positioned to provide businesses with the necessary infrastructure to harness the power of IoT. Through this funding, Cavli Wireless aims to drive digital transformation, create new growth opportunities, and contribute to the advancement of the IoT ecosystem.
