- Movandi — a leader in new 5G Millimeter Wave (mmWave) networks — announced it has raised $27 million in Series C funding round
Movandi — a leader in new 5G Millimeter Wave (mmWave) networks — announced it has raised $27 million in Series C funding round to further accelerate and extend the range of real-world 5G mmWave deployments. WRVI Capital led this round with participation from Cota Capital and DNX Ventures.
What does Movandi do? Movandi’s 5G mmWave solutions include 5G BeamXR active routers/repeaters and BeamX RF front-end for fixed wireless CPE, mobile devices, small cells, and Open Radio Access Networks (ORAN) radio units (RU).
These products accelerate deployments across the complete 5G ecosystem from consumer and enterprise market segments and applications from IoT, mobile, artificial Intelligence (AI), software defined networks and automotive.
These products accelerate deployments across the complete 5G ecosystem from consumer and enterprise market segments and applications from IoT, mobile, artificial Intelligence (AI), software defined networks and automotive. And Movandi’s 5G mmWave system will ensure that 5G mmWave technology can be broadly deployed in real-world scenarios by operators building the “interface of the internet.”
This round of funding will enable Movandi to ramp and expand their active router/repeater platform, RF front-end, and ORAN radio units. And Movandi will also grow its teams in Irvine, California and Australia to continue developing its innovative integrated circuits, antennas, systems, and algorithms while delivering 5G routers that expand 5G coverage and act as repeaters for a wide range of 5G applications. These repeaters provide compelling cost savings and drive down the CAPEX and OPEX for 5G operators.
Movandi was founded by two siblings Maryam Rofougaran and Reza Rofougaran. They are known for shaping and transforming wireless in the last few decades as they pioneered wireless systems.
Key Quotes:
“We’re at an exciting inflection point in 5G mmWave operator deployments, we’re both scaling our active router platform and RF front-end deployments. We are working closely with 5G operators and system OEMs solving these 5G coverage challenges, by unlocking the true benefits of 5G that are only achieved with mmWave – that makes Movandi truly unique.”
-Maryam Rofougaran, CEO and co-founder at Movandi
“Today’s commercial 5G mmWave deployments face a myriad of technical challenges. We are seeing a continued, significant operator investment in commercial deployments and high frequency mmWave that represents a major opportunity for Movandi’s 5G deployments. By investing in Movandi, we are enabling the leaders and innovators in 5G mmWave. The stellar management team’s vision and accomplishments have had a major impact on the wireless industry so far, and we expect much more from them in the future as they unleash the full potential of 5G.”
-Sriram Viswanathan, a founding Managing Partner at WRVI Capital
