Movandi, an Irvine, Calif.-based provider of new 5G Millimeter Wave (mmWave) networking solutions, raised $27m in Series C funding.
The round was led by WRVI Capital with participation from Cota Capital and DNX Ventures.
The company intends to use the funds to ramp and expand their active router/repeater platform, RF front-end, and ORAN radio units, grow its teams in Irvine, California and Australia to continue developing its innovative integrated circuits, antennas, systems, and algorithms, while delivering 5G routers that expand 5G coverage and act as repeaters for a wide range of 5G applications.
Led by Maryam Rofougaran, CEO and co-founder, Movandi provides 5G mmWave solutions that include 5G BeamXR active routers/repeaters and BeamX RF front-end for fixed wireless CPE, mobile devices, small cells, and Open Radio Access Networks (ORAN) radio units (RU). These products accelerate deployments across the complete 5G ecosystem from consumer and enterprise market segments, and applications from IoT, mobile, artificial Intelligence (AI), software defined networks and automotive.
FinSMEs
16/04/2020