Cavli Wireless secures $10M in Series-A to accelerate global expansion
We are incredibly excited to share that our Series A fundraise for $10 million has been successfully completed. The round was led by Chiratae Ventures, a prominent VC with Investmentssectors such as Consumer-Tech, SaaS, Fintech, and Healthtech along with participation from Qualcomm Ventures, the venture arm of Qualcomm Inc, a global semiconductor major. Another prominent US technology conglomerate also made a significant contribution to this funding round.
“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 IoT platform solution Cavli Hubble tightly integrated with our hardware portfolio, we are pretty confident that Silicon to Cloud integration in its true sense is now a reality” said John Mathew, CEO of Cavli Wireless.
It's All About Narrowband IoT
NB-IoT technology is designed to meet everything that traditional cellular technology has fallen short of, and that is precisely why it is recognized as a technology of the future. 3GPP has identified NB-IoT to be a less expensive option than LTE-M, with the added benefits of extensive range, longevity, and ability to support a large number of devices over just 200 kHz of the spectrum. This means that it is rapidly getting popular among a wide variety of devices, ranging from storage units and wind turbines to smoke detectors and smart parking systems. NB-IoT provides deeper building penetration than LTE-M, which is achieved by low bitrates. It also offers better link budgets for NB-IoT.
NB-IoT has a very narrow bandwidth of 200KHz, and therefore the data peaks at around 250kbps. This feature comes useful in scenarios where lower amounts of data are required to be transmitted at infrequent intervals, mainly over short distances. Because it is designed to operate at low speed, the low power consumption is stressed as a major advantage associated with it. NB-IoT employs two power optimization techniques called PSM(Power Saving Mode) and eDRX (Extended Discontinuous Reception).