US-based startup with R&D centre in Kochi Cavli Wireless raises $10M led by Chiratae, Qualcomm Ventures

The San Jose-based telecom IoT startup Cavli Wireless has raised $10 million in a Series A funding round led by Chiratae Ventures and Qualcomm Ventures.

Chiratae Ventures is a venture capital firm that invests in sectors such as Consumer-Tech, SaaS, Fintech, and Healthtech, while Qualcomm Ventures is a venture arm of Qualcomm Inc, a global semiconductor major.

With this funding, Cavli said it aims to focus on positioning the city of  Kochi into a buzzing hub for IoT and telecom technology and foster a local technology graduate talent pool through campus recruitment & internship programs. It will also focus on global business expansion.

Founded in 2017 by John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil Zeeb, The startup designs and manufactures cellular modules in 4G and 5G technologies with integrated eSIM.

Besides this, It offers IoT solutions to telecom product manufactures from 30+ countries and has a presence in the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.

“This Series A will enable us to strengthen our position in the global IoT market by expanding our product portfolio, enhancing R&D capabilities, and growing our international presence. Cavli plans to invest in cutting-edge technologies, such as 5G with edge processing capabilities, to address the automotive and industrial sectors globally. With our IoT 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, said, "Cavli Wireless has demonstrated 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 believe their unparalleled IoT connectivity expertise will enable them to become an indispensable partner for businesses worldwide."

“With the growing penetration of 5G and increasing demand for IoT-enabled applications across industries, the need for solutions that help customers accelerate 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."

Also Read:

• Hyperlocal content commerce startup Knocksense raises $1M in pre-Series A funding