The company says it will use the funding to expand its product portfolio, enhance its research and development capabilities, and widen its international presence.
Founded in 2017 by John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A Zeeb, Cavli Wireless designs and manufactures cellular modules and semiconductors for 4G and 5G technologies, with integrated eSIM (integrated directly into the device) and global connectivity.
It is also working on internet-of-things (IoT) solutions, both on the hardware and software side, integrating application processing capability, connectivity and data management onto a single platform.
“This Series A will enable us to strengthen our position in the global IoT market and grow 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,” said Mathew, who is also the chief executive of the company.
Currently, Cavli claims to deliver IoT solutions to product makers in 30 countries and has operations across the US, India, Vietnam, the UK, Spain, France, as well as some other European geographies.
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“We are excited to support Cavli’s vision and believe their IoT connectivity expertise will enable them to become an indispensable partner for businesses worldwide,” said TCM Sundaram, founder and vice chairman, Chiratae Ventures. With the fundraise, the company is also expected to deepen its manufacturing base in India and launch 5G and automotive solutions for its global customer base.
“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,” said Quinn Li, senior vice-president of Qualcomm Technologies and global head of Qualcomm Ventures.
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