Startup announces Series C funding for 5G mmWave development

April 17, 2020 //By Jean-Pierre Joosting
Startup announces Series C funding for 5G mmWave development
Movandi has announced a $27 million Series C funding round to further accelerate and extend the range of real world 5G mmWave deployments. WRVI Capital led this current round of financing along with Cota Capital and DNX Ventures.

The funding will enable Movandi to ramp and expand their active router/repeater platform, RF front-end, and ORAN radio units. Movandi will also grow its teams in Irvine, California and Australia to continue developing its innovative integrated circuits, antennas, systems, and algorithms, while delivering 5G routers that expand 5G coverage and act as repeaters for a wide range of 5G mmWave applications. These repeaters provide compelling cost savings and drive down the CAPEX and OPEX for 5G operators.

The company’s 5G mmWave products include 5G BeamXR active routers/repeaters and BeamX RF front-end for fixed wireless CPE, mobile devices, small cells, and Open Radio Access Networks (ORAN) radio units (RU). These products accelerate deployments across the complete 5G ecosystem from consumer and enterprise market segments, and applications from IoT, mobile, artificial Intelligence (AI), software defined networks and automotive. Not only enabling 5G infrastructure, the Movandi 5G mmWave system ensures that 5G mmWave technology can be broadly deployed in real-world scenarios by operators building the “interface of the internet.”

“We’re at an inflection point in 5G mmWave operator deployments, we’re both scaling our active router platform and RF front-end deployments,” said Maryam Rofougaran, CEO and co-founder, Movandi. “We are working closely with 5G operators and system OEMs solving these 5G coverage challenges, by unlocking the true benefits of 5G that are only achieved with mmWave – that makes Movandi truly unique.”

“Today’s commercial 5G mmWave deployments face a myriad of technical challenges. We are seeing a continued, significant operator investment in commercial deployments and high frequency mmWave that represents a major opportunity for Movandi’s 5G deployments,” said Sriram Viswanathan, a founding Managing Partner, WRVI Capital.

Movandi has already attracted the attention of the wireless industry, including recognition from the Global Semiconductor Alliance (GSA), CNBC and Fast Company, as one of the most disruptive technologies in 5G mmWave. Movandi technology deployments are planned across the world’s top wireless operators this year.

www.movandi.com
www.wrvi.vc


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