Cavli Wireless Secures $10 Million in Series A Funding to Expand Cellular IoT Solutions

• ByStartupStory     |    July 5, 2023

Cavli Wireless (Cavli), a key player in the Cellular IoT ecosystem, announced the successful closure of a $10 million Series A funding round from global investors. The round was led by Chiratae Ventures and Qualcomm Ventures, highlighting the growing recognition and support for Cavli’s innovative IoT solutions.

Founded in 2017 by John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A Zeeb, Cavli specializes in designing and manufacturing cellular modules incorporating 4G and 5G technologies, along with integrated eSIM and global connectivity solutions. The startup’s headquarters are located in San Jose, California, with teams spread across multiple continents, providing IoT solutions to product makers in more than 30 countries. Cavli operates across various regions, including the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.

With the newly secured Series A funding, Cavli aims to strengthen its position in the global IoT market by expanding its product portfolio, enhancing research and development capabilities, and extending its international presence. The company plans to invest in cutting-edge technologies like 5G with edge processing capabilities, with a focus on serving the automotive and industrial sectors worldwide. Cavli’s platform solution, Cavli Hubble, integrated seamlessly with its hardware portfolio, promises a true Silicon to Cloud integration, marking a significant milestone for the industry.

“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 platform solution Cavli Hubble tightly integrated with our hardware portfolio, we are confident that Silicon to Cloud integration, in its true sense, is now a reality,” expressed John Mathew, CEO of Cavli.

Expressing their confidence in Cavli’s vision, TCM Sundaram, Founder and Vice Chairman of Chiratae Ventures, stated, “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.”

This funding injection arrives at a time of significant growth in the global IoT market, with projections indicating that the number of connected devices will exceed 30 billion by 2025. Cavli’s comprehensive suite of IoT connectivity solutions, complemented by their connectivity management cloud platform – Cavli Hubble, equips businesses with the necessary infrastructure to harness the full potential of IoT. By driving digital transformation and creating new growth opportunities, Cavli aims to become an invaluable partner for businesses operating in diverse sectors.

Follow Startup Story