Cellwize Raises $32 Million in Series B Round of Financing

Telecom Tech Outlook | Friday, November 20, 2020

CHIME enables operators to connect to any application and any vendor, as well as co-create on top of the platform, delivering unprecedented ease, speed, and agility.

FREMONT, CA: Cellwize Wireless Technologies Inc., a global leader in mobile network automation and orchestration, raised a $32 million Series B funding round in its parent company, Cellwize Wireless Technologies Pte. Ltd., led by Intel Capital and Qualcomm Ventures LLC with participation from Verizon Ventures, Samsung Next, and existing shareholders. Cellwize will use the funds raised to expand its global footprint, penetrate adjacent markets, such as private LTE/5G networks, and enhance its CHIME platform's features and capabilities and its value proposition for the existing customer base, including in its artificial intelligence and machine learning capabilities.

The investment follows the significant market traction gained over the past year by Cellwize CHIME, the company's next-generation RAN automation and orchestration platform. With CHIME, Cellwize has captured a leading position in the mobile network automation domain, playing a strategic role in 5G rollouts for global tier-1 carriers.

Cellwize CHIME 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 allows them to add self-created network applications on top of a multi-vendor RAN ecosystem with ease and simplicity, delivering high quality of service, an improved customer experience, accelerated time-to-market, and reduced costs.

The Cellwize platform leverages artificial intelligence and machine learning for zero-touch 5G deployments, automates 2G/3G/4G/5G network optimization, and delivers mobile network assurance. Through this combination of advanced capabilities, operators can democratize their network management functions and provide fast innovation with unprecedented flexibility, scalability, and agility to monetize 5G and accelerate the revolution.

"We are delighted to have been selected by these leading VCs for their strategic investments to accelerate 5G in a way that is open and disaggregated," said OfirZemer, CEO of Cellwize. "This is a clear reflection of the trust they have in Cellwize and in the cutting-edge capabilities of CHIME for enabling the 5G revolution. 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."

Intel Capital, Qualcomm Ventures, Verizon Ventures, and Samsung Next join the existing Cellwize shareholders, including Viola Ventures, DTCP, GreenApple Tech part of Dar Global, Vintage Investment Partners, and Sonae IM.