US-based network automation technology provider Cellwize Wireless Technologies secured $32m on Monday in a series B round co-led by Intel Capital and Qualcomm Ventures, subsidiaries of semiconductor technology producers Intel and Qualcomm.
Samsung Next, Sonae Investment Management (IM), Verizon Ventures and Deutsche Telekom Capital Partners (DTCP) also participated, on behalf of consumer electronics producer Qualcomm, conglomerate Sonae and telecommunications groups Verizon and Deutsche Telekom.
The round was filled out by Viola Ventures, Vintage Investment Partners, GreenApple Tech and undisclosed additional investors.
Cellwize offers machine learning-driven software that is used to optimise mobile communications transmitters including 5G networks. The capital will be used to bolster its technology and expand its business into adjacent and international markets.
Sonae IM invested in the company in May 2019, after it had raised a similarly undisclosed amount of funding from DTCP six months earlier.
Vintage Investment Partners and Viola Ventures co-led Cellwize’s $14.5m series A round in 2015, announced alongside $10m in debt financing from Viola Credit. GreenApple Tech took part in the series B round as an existing investor.