Advertisement

Cellular IoT Startup Cavil Secures $10mn In Series A Round

This investment comes at a time when the global IoT market is experiencing rapid growth, with the number of connected devices projected to surpass 30 billion by 2025

A player in the Cellular IoT ecosystem, Cavli Wireless (Cavli), today closed a USD 10 million Series A round from global investors. The round was led by Chiratae Ventures and Qualcomm Ventures.

Cavli designs and manufactures cellular modules in 4G and 5G technologies with integrated eSIM and global connectivity. It was founded in 2017 by John Mathew, Ajit Thomas, Tarun Thomas George and Akhil A Zeeb. 

The startup is headquartered in San Jose, California, and has teams spread across four continents, delivering IoT solutions to product makers in over 30 countries. Moreover, it operates across the US, India, Spain, Vietnam, the UK, France, Italy, Turkey, and Germany.

“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,” said John Mathew, CEO of Cavli.

Commenting on the fundraise, TCM Sundaram, Founder, and Vice Chairman of Chiratae Ventures, said, "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 investment comes at a time when the global IoT market is experiencing rapid growth, with the number of connected devices projected to surpass 30 billion by 2025. Cavli’s comprehensive suite of IoT connectivity solutions, backed by its connectivity management cloud platform - Cavli Hubble, provides businesses with the infrastructure needed to harness the power of IoT, driving digital transformation, and creating new opportunities for growth.


Tags assigned to this article:
startup Cavil funding

Around The World

Advertisement