What is Cavli Wireless?
Cavli Wireless is at the forefront of the Internet of Things (IoT) revolution, offering a comprehensive technology stack designed for the development and scaling of connected solutions. The company provides a diverse portfolio of cellular IoT modules, including advanced 5G, LTE, and Low Power Wide Area (LPWA) options. Complementing its hardware, the Cavli Hubble platform streamlines connectivity management and data routing, empowering enterprises to deploy connected devices efficiently worldwide. Cavli Wireless targets critical sectors such as automotive, healthcare, energy, and smart cities, focusing on leveraging intelligent connectivity to address tangible real-world challenges with secure and scalable deployments.
How much funding has Cavli Wireless raised?
Cavli Wireless has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2023): $10M with participation from Chiratae Ventures and Qualcomm Ventures
Key Investors in Cavli Wireless
Chiratae Ventures
Chiratae Ventures is an established Indian technology venture capital fund advisor based in Bengaluru, with a strong track record of managing $1.3 billion in assets across seven funds. The firm has made over 130 investments, including early backing of notable companies like Myntra and Lenskart, and has achieved 56 exits and four IPOs. Chiratae offers various programs such as Chiratae Sonic for seed investments, Chiratae Spotlight for follow-on funding, and the Midas Program aimed at educating family offices about venture capital. Their focus is on supporting audacious entrepreneurs and fostering innovation in the Indian startup ecosystem.
Qualcomm Ventures
Qualcomm Ventures is a global corporate venture firm that invests in early to growth stage technology companies, aiming to support entrepreneurs in building revolutionary businesses. With over 25 years of experience, the firm has a portfolio of 360 companies and manages $2 billion in assets. Qualcomm Ventures provides access to leading technology, domain expertise, and a robust network to help companies scale effectively. The firm focuses on various sectors including AI, automotive, mobile, enterprise, and smart systems.
What's next for Cavli Wireless?
The recent major strategic investment positions Cavli Wireless for accelerated growth and market penetration. With a clear focus on enterprise-level IoT solutions and a robust platform for managing global connectivity, the company is well-equipped to capitalize on the expanding demand for connected devices across various industries. This latest round of financing will likely fuel further research and development into next-generation IoT technologies, enhance its sales and marketing efforts, and potentially expand its geographical footprint. The backing from prominent investors like Chiratae Ventures and Qualcomm Ventures signals strong confidence in Cavli Wireless's vision and its capacity to deliver innovative solutions in the competitive IoT market.
See full Cavli Wireless company page
