Israeli startup Cellwize has won a $32 million Series B funding round, as it continues its project to accelerate deployment of 5G networks worldwide.
The round, led by Intel Capital and Qualcomm Ventures with additional backing from Verizon Ventures, Samsung Next and others, will allow Cellwize to scale into new territories, and continue developing CHIME, its next-generation RAN automation and orchestration platform.
CHIME has enjoyed “significant market traction” in the past twelve months, according to Cellwize, and has assisted in 5G rollouts for providers including Telefonica and Verizon. Cellwize also has financial backing from Deutsche Telekom and Portuguese firm Sonae, completing a roll-call of major networks wanting to smooth their 5G projects.
Cellwize, which has operations in Dallas and Singapore, says it now provides tech to around 40 carriers worldwide. Today’s round brings its total funding to $56.5m.
“With the challenges in managing the high complexity of radio access networks, we are encouraged by the opportunity in front of Cellwize to explore ways to utilize their AI-based automation capabilities,” said Intel Capital VP and senior MD David Flanagan, “as Intel brings the benefits of cloud architectures to service provider and private networks.”