The global presence of Cavli is rapidly strengthening its position in the IoT market.
Cavli Wireless has successfully raised its Series A funding round, securing about $10 million from global investors. Chiratae Ventures and Qualcomm Ventures led this funding round.
Cavli has further plans to establish its own Customer Experience Centre. This establishment aims to facilitate collaborative ‘Smart Products’ development between its customers and the Cavli engineering team. This initiative will boost the company’s Indian operations to over 200 members across technical and business roles.
Cavli Wireless is a leader in both 4G and 5G technologies and specializes in the design and production of cellular modules equipped with integrated eSIM and global connectivity.
The founder of Cavli Wireless, John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A Zeeb, has pursued a clear and compelling mission to render IoT enablement simple, seamless, and globally accessible.
With this funding, Cavli Wireless has certain expansion plans over the market to reach and enhance product capabilities. The company is also expected to accelerate talent acquisition plans for the global R&D and engineering center for Cavli Wireless which is currently available in Kochi.
In addition to all these, Cavli’s current manufacturing base exists in India, which will have an additional capacity with the installation of new and improved automated calibration and high-speed firmware flashing lines.
John Mathew, CEO of Cavli Wireless, mentioned that this Series A funding would help the company to strengthen its position in the global IoT market by expanding the product portfolio, enhancing R&D capabilities, and growing its international presence. They also plan to invest in cutting-edge technologies to address the automotive and industrial sectors globally. With the help of platform solution Cavli Hubble tightly integrated with the hardware portfolio, they are pretty confident that Silicon to Cloud integration in its true sense is now a reality.