181 views 5 mins 0 comments

Cavli Wireless, Cellular IoT Innovator, secures $10M in Series A to accelerate global expansion

In Business
July 12, 2023

KOCHI:
A front-runner in the Cellular IoT landscape, Cavli Wireless has successfully concluded its Series A funding round, securing $10 million from global investors. The funding round was led by Chiratae Ventures and Qualcomm Ventures along with participation by a major US technology conglomerate.

Cavli is planning the establishment of a Customer Experience Center to facilitate collaborative ‘Smart Products’ development between its customers and the Cavli engineering team. This initiative, alongside Cavli’s vigorous expansion plan aiming to boost its India operations to over 200 members across technical and business roles, underscores the company’s commitment to nurturing India’s tech talent. Such proactive steps are paving the way for a robust future for IoT and semiconductors in the country, as Cavli’s customers and their engineering teams co-create with Cavli’s own team, enhancing both product innovation and talent development.

Specializing in the design and production of cellular modules equipped with integrated eSIM and global connectivity, Cavli Wireless is a leader in both 4G and 5G technologies. Company founders John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A Zeeb, have pursued a clear and compelling mission: to render IoT enablement simple, seamless, and globally accessible. Since then, Cavli has expanded itself globally, spanning four continents, providing IoT solutions to creators in over 30 countries like the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.

With this funding, Cavli Wireless plans to expand its market reach and enhance product capabilities. It is expected to accelerate talent acquisition plans for the global R&D and engineering center for Cavli Wireless, currently set up at Infopark, Kochi. This will enable Cavli to contribute to positioning the city of Kochi into a buzzing hub for IoT and telecom technology and foster local technology graduate talent pool through campus recruitment & internship programs. They also plan on global business expansion with business development positions being filled across EMEA & Americas. Additionally, Cavli’s current manufacturing base in India will see a capacity addition, with the installation of new & improved automated calibration and high-speed firmware flashing lines.

“This Series A will help us to strengthen our position in the global IoT market by expanding our product portfolio, enhancing R&D capabilities, and growing our international presence. We plan to invest in cutting-edge technologies, to address the automotive and industrial sectors globally. With our platform solution, Cavli Hubble tightly integrated with our hardware portfolio, we are pretty confident that Silicon to Cloud integration in its true sense is now a reality” said John Mathew, CEO of Cavli Wireless.

TCM Sundaram, Founder, and Vice Chairman, Chiratae Ventures, shared, “Cavli Wireless has shown a strong commitment to innovation and customer success, positioning the company as a leader in the intersection of Mobility & IoT space. We are excited to support Cavli’s vision and trust their unparalleled IoT connectivity expertise.

“With the growing penetration of 5G and increasing demand for IoT-enabled applications across industries, the need for solutions that help customers accelerate the development and deployment of IoT products has become essential”, said Quinn Li, Senior Vice President of Qualcomm Technologies, Inc. and global head of Qualcomm Ventures. “Cavli Wireless’ intelligent solution integrates modem hardware, connectivity, and device management into a single platform helping businesses easily deploy their IoT products. We’re excited to invest in Cavli Wireless to support IoT adoption and connectivity at the edge.”

This investment comes at a time when the global IoT market is experiencing rapid growth, with the number of connected devices projected to surpass 30 billion by 2025. Cavli’s comprehensive suite of IoT connectivity solutions, backed by its connectivity management cloud platform – Cavli Hubble, provides businesses with the infrastructure needed to harness the power of IoT, driving digital transformation and creating new opportunities for growth.