Shabodi, a Toronto, Canada-based 5G application enabler, raised $10.3M in Series A funding.
The round was led by CEAS Investments and SineWave ventures, with participation from Blumberg Capital, Counterview Capital, 5G Open Innovation Lab, Green Egg ventures, Maccabee Ventures, Supernode Ventures and Vishal Gupta, Global CIO and CTO at Lexmark. Veteran telecom entrepreneur and investor Joe Beatty is joining investors Bruce Taragin of Blumberg Capital and Vishal Makhijani on Shabodi’s board of directors.
The company intends to use the funds to expand its business reach, helping enterprises accelerate the development and deployment of network-aware applications on Advanced LTE, 5G, Wifi 6 and 6G.
Founded in 2020 by startup veteran Vikram Chopra and former Cisco and Juniper Networks CTO Harpreet Geekee, Shabodi provides a platform that enables enterprises, system integrators, and telcos to build next-gen applications in a multi-vendor environment to tap into the 5G network.
Earlier this year, Ramesh Kaza, an early investor and former Global head of IoT at Cisco, joined Shabodi as President & Chief Commercial Officer to support the company’s global expansion.
FinSMEs
15/12/2022