Self-Organizing Network (SON) solutions provider, Cellwize has raised $14.5 million in a Series A funding round led by Carmel Ventures and Vintage Investment Partners. The funding will be used to boost Cellwize’s SON customer-centric optimization capabilities and expand its market presence including a planned significant increase in its workforce, said the company. The company has also secured a $10 million credit facility from Viola Credit (formerly Plenus).
Already in operation for over two years, Cellwize claims that its optimization solutions are implemented in some of the world’s leading mobile operators serving over 300 million subscribers.
Ori Bendori, General Partner at Carmel Ventures and a Cellwize board member
Cellwize brings an innovative solution to mobile operators that need to provide a superior end-user experience, while adapting their networks to emerging services like OTT, IoT and HD Video. Cellwize’s innovative cloud-based technology that is compatible with various RAN vendors and mobile technologies is already adopted by Tier 1 Operators.
Ofir Zemer, CEO of Cellwize
Cellwize has continuously invested in technology innovation and solution leadership, we will now be able to further accelerate our product road map and our market reach to take advantage of new SON opportunities.
