Cellwize Secures $32M Series B Financing Led by Intel Capital and Qualcomm Ventures
Cellwize, a global leader in mobile network automation and orchestration, today announced 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 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.
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 enables 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, for automating 2G/3G/4G/5G network optimization, and for delivering mobile network assurance. Through this combination of advanced capabilities, operators can democratize their network management functions and deliver fast innovation with unprecedented flexibility, scalability, and agility to monetize 5G and accelerate the revolution.
Cellwize is all about enabling the networks of the future today. With CHIME, our cloudified and AI-driven RAN automation and orchestration platform, we enable mobile network operators (MNOs) to accelerate 5G network deployment and go-to-market, as well as improve the ROI on their network investments. Even in the most complex and dynamic of network environments, 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. With the future of 5G already here, CHIME is helping leading MNOs all over the world to launch and leverage their next generation networks and face the future with confidence. Learn more at www.cellwize.com.
About Intel Capital
Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.9 billion in more than 1,582 companies worldwide, and 692 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
About Qualcomm Ventures
As the venture capital investment group of Qualcomm Incorporated, a world leader in next-generation wireless technologies, Qualcomm Ventures has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, we’re focused on building the connections that bring our mobile future forward. For more information please visit: www.qualcommventures.com.