Cellwize Wireless Technologies Pte. Ltd., the Singapore-based parent company of Cellwize Wireless Technologies Inc., a Dallas, TX-based global leader in mobile network automation and orchestration, raised $32m in Series B funding.
The round was led by Intel Capital and Qualcomm Ventures LLC with participation from Verizon Ventures, Samsung Next, and existing shareholders including Viola Ventures, DTCP, GreenApple Tech part of Dar Global, Vintage Investment Partners, and Sonae IM.
The company will use the funds to expand its global presence, penetrate adjacent markets, such as private LTE/5G networks, and to enhance the features and capabilities of its CHIME platform and its value proposition for the existing customer base – including in its artificial intelligence and machine learning capabilities.
Led by Ofir Zemer, CEO, Cellwize provides CHIME, which enables operators to accelerate their 5G deployment by automating key business processes in the RAN domain. With its open architecture and open API layer, it also enables them to add self-created network applications on top of a multi-vendor RAN ecosystem, delivering high quality of service, an improved customer experience, accelerated time-to-market, and reduced costs.
The platform leverages artificial intelligence and machine learning for zero-touch 5G deployments, for automating 2G/3G/4G/5G network optimization, and for delivering mobile network assurance.
FinSMEs
09/11/2020