- Shabodi — a next-gen 5G application enabler — recently announced that it has raised over $3.3 million. These are the details.
Shabodi — a next-gen 5G application enabler — recently announced that it has raised over $3.3 million in an oversubscribed seed round to help enterprises, system integrators, and telcos accelerate the development and deployment of next-gen applications on 5G. And this is a mission-critical value for enterprises to monetize their 5G deployments, accelerate return-on-investment, unlocking the full potential of 5G and Industry 4.0 applications.
The Toronto-based company – backed by lead seed investor Blumberg Capital – was founded by Vikram Chopra and Harpreet Geekee, former CTO at Cisco and Juniper Networks. And Counterview Capital, SineWave Ventures, Shasta Ventures, MAVA Ventures, Green Egg Ventures, Maccabee Ventures, CEAS Investments, Supernode Ventures, and Lorimer Ventures also participated in the seed round. This momentum builds on Shabodi’s pre-seed funding earlier this year led by Forum Ventures and former Cisco and Yahoo executives.
Shabodi’s Application Enablement Platform (AEP) offers application programming interfaces (APIs), which makes it simple for developers to deploy 5G applications, enabling enterprises to optimize and monetize their 5G investments.
KEY QUOTES:
“What 4G was to consumers, 5G is to enterprises. Our vision for Shabodi is to provide the building blocks which every next-gen Industry 4.0 application will be built upon, and by doing so empower C-level executives to unlock new revenue streams by deploying 5G within their businesses.”
— Vikram Chopra, co-founder and CEO at Shabodi
“5G will disrupt many aspects of enterprise technology and transform entire industries. Shabodi’s team and technology have the potential to help power our future economy, by accelerating the deployment of 5G. We are proud to lead the company’s Seed round and partner with a visionary team of industry experts to address one of the most impactful developments of this decade.”
— Bruce Taragin, managing director at Blumberg Capital
“Shabodi is building a consortium of partners, including key partnerships with system integrators, network equipment providers, chip manufacturers, and carriers. All see tremendous value in their unique approach to 5G application development and their ability to transform experiences by enabling applications to take advantage of 5G.”
— Vishal Gupta, Global CTO & CIO of Lexmark Global
