Cellwize Wireless Technologies, a provider of mobile network automation and orchestration, has closed on a $32 million Series B round to boost its next wave of expansion efforts.
Cellwize aims to enable the “networks of the future today” by helping mobile network operators accelerate 5G network deployment. It does so through CHIME, which the company calls a cloudified and AI-driven RAN automation and orchestration platform.
The flexible, scalable, and agile platform delivers advanced capabilities so operators can “democratize their network management functions and deliver fast innovation,” Cellwize says.
CHIME is able to automate key business processes in the RAN (Radio Access Network) domain, allowing operators to hasten 5G go-to-market and improve ROI on their network investments, per a statement.
Cellwize is based in Israel, but has significant operations in Southlake and Singapore. TechCrunch reports that it provides services to around 40 carriers—including Verizon and Telefonica—to cover 16 countries and 800 million subscribers.
The company’s new funding was led by Intel Capital, an investor of startups focused on emerging tech, and Qualcomm Ventures LLC, the VC arm of Qualcomm Incorporated, which develops next-generation wireless technologies. There was also participation from Verizon Ventures, Samsung Next, and existing shareholders.
Cellwize said that it plans to use the new capital to expand its global footprint and move into adjacent markets like private LTE/5G networks. It also wants to enhance CHIME’s features and capabilities to align with its existing customer base.
Overall, the vision is to accelerate 5G in a way that is open and disaggregated.
“This is a clear reflection of the trust [the investors] have in Cellwize and in the cutting-edge capabilities of CHIME for enabling the 5G revolution,” Cellwize CEO Ofir Zemer said in a statement. “This investment also serves as an additional testament to the great value our solution brings to operators in the age of 5G, and to the evolution of RAN from being just a broadband solution for consumers to being a part of the very fabric of modern enterprises, as well as in how it addresses some of the most critical challenges operators are facing today.”
According to Cellwize, CHIME has gained significant market traction throughout the past year. The company says it has already had a heavy hand in global tier-1 carriers rolling out 5G.
No matter how complex the network environment, CHIME aims to help operators connect to any application or vendor.
The platform has an open architecture and open API layer, and leverages AI and machine learning for zero-touch 5G deployments. It can also automate 2G/3G/4G/5G network optimization and deliver mobile network assurance, according to Cellwize.
The investors of the Series B round see Cellwize as contributing to the future of 5G.
David Flanagan, vice president and senior managing director at Intel Capital, says the firm decided to make its investment because Cellwize has the opportunity to help operators transform their networks, while accelerating the 5G revolution.
“As a leader in RAN automation and orchestration, Cellwize plays an important role in 5G deployment,” Merav Weinryb, the senior director of Qualcomm Israel Ltd. and managing director of Qualcomm Ventures Israel and Europe, said in a statement. “We are excited to support Cellwize through the Qualcomm Ventures’ 5G global ecosystem fund as they scale and expedite 5G adoption worldwide.”
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Evolon Technology develops proprietary tech that turns surveillance video into real-time actionable information. CEO Kevin Stadler says market and tech trends are "creating a perfect storm" for the fast adoption of innovative security systems to protect an organization's critical assets and infrastructure.
-
Veryable takes a new approach to labor: The Dallas-based tech company "variablizes" it. By connecting businesses to independent workers for manufacturing and distribution, Veryable's operations-driven approach can put people back to work and improve productivity and growth for manufacturers and suppliers.
-
Five local winners received up to $200,000 in funding to activate their solutions throughout North Texas.
-
Women entrepreneurs—especially those in the tech world—have something to keep them warm at home Thursday during tomorrow's winter storm: The DEC Network’s inaugural, all-virtual Women X Tech event, from 11 a.m. to 4:30 p.m., is designed to help women founders from all tech industries connect, learn, and grow their businesses.
-
What does diversity, equity, and inclusion look like in real life? How can organizations become diverse, inclusive, and equitable, and make it work? How can they make it last? A three-part virtual workshop—set for Jan. 19, Jan. 26, and Feb. 2—aims to present a blueprint on just that, featuring leaders who have seen successful DEI programs launched, and who will discuss key elements that made them successful. On Jan. 19, three nationally renowned leaders in diversity will kick off the seminars in a discussion titled “A Holistic DEI Approach in Academia”: Dallas ISD Superintendent Michael Hinojosa, who oversees one of…
