Cellwize Wireless Technologies Inc., has 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. 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 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, which includes its artificial intelligence and machine learning capabilities.
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.