Network automation firm Cellwize raises $32 million for global expansion - The Dallas Morning News

Mobile network automation firm Cellwize has raised $32 million in a funding round led by the venture capital arms of Intel, Qualcomm, Verizon and Samsung.

The company, which has U.S. operations in Dallas, nearly doubled its funding to date with the most recent investment. It has raised a total of $56.5 million in capital since being founded in 2012 and records $10 million to $50 million in revenue annually, according to Crunchbase.

The Israel-based company stood up a Dallas office in 2019 to be a hub for its U.S. operations and has 10 employees working in the city. Globally, Cellwize employs 150 people and is actively hiring for dozens of new roles, according to company spokeswoman Laura Raanan.

“We are delighted to have been selected by these leading VCs for their strategic investments to accelerate 5G in a way that is open and disaggregated,” Cellwize CEO Ofir Zemer said in a statement.

Zemer described the roster of high-profile venture capital backers as a “clear reflection” of trust in the company and its Chime product. Chime is Cellwize’s most prominent network solution. Its software automates and accelerates development, deployment and ongoing operations of mobile networks.

The company provides services for clients including Verizon, Bell and Nextel as they grow their network sites across the globe. Its client roster of 40 carriers covers 16 countries, 3 million cell sites and 800 million subscribers.

“This investment also serves as an additional testament to the great value our solution brings to operators in the age of 5G,” Zemer said.

Backers in the Series B funding round lauded Cellwize’s cloud-native solutions as critical to companies building out their 5G networks.

“Cellwize and Intel Capital are aligned in their vision that Cellwize’s cloud-native platform, which includes AI-based automation technology, will help customers deploy complex 5G networks in a more efficient, scalable and flexible way,” Intel Capital senior managing director David Flanagan said.

Intel Capital, Qualcomm Ventures, Verizon Ventures and Samsung Next join existing investors in Cellwize, including Viola Ventures, DTCP, GreenApple Tech, part of Dar Global, Vintage Investment Partners and Sonae IM.

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Network automation firm Cellwize raises $32 million for global expansion - The Dallas Morning News
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