Israel’s Cellwize Wireless Technologies, a provider of mobile network automation technology, works to accelerate growth in 5G and the time-to-market of next generation networks. The company brings mobile access automation with “Chime” its cloud-native, AI-driven, open platform.
5G, 5G, 5G, we hear so much about 5G these days. But what is it and why is it important?
Basically 5G is the new wireless technology for mobile communications intended to deliver a greater amount of data transfers at faster speeds. It is more reliable and offers a higher performance and improved efficiency over its predecessors.
It’s called 5G because it is the fifth generation of this tech. It is 100 times faster than 4G. So imagine your cell phone no longer taking a long time to download information.
And no, 5G definitely has nothing to do with the spread of the Covid Virus!
Cellwize says that Chime enables mobile network operators (MNOs) to automate the configuration, management, and optimization of networks and services, even in the most complex and dynamic network environments. With an advanced set of APIs they can connect to any application and any vendor, as well as co-create on top of the platform.
On Monday the company raised $32 million in a funding round led by Intel Capital and Qualcomm Ventures LLC. Verizon Ventures, Samsung Next and existing shareholders also participated in the funding round.
Cellwize Intends to use the new capital to expand globally, penetrate adjacent markets and enhance the capabilities of its CHIME platform, which has been deployed in 5G network rollouts for tier-1 carriers.
“While large companies have traditionally been more dominant in the RAN market, 5G is changing the landscape for how the entire mobile industry operates,” said Ofir Zemer, Cellwize’s CEO.
“These traditional vendors usually offer solutions which plug into their own equipment, while not allowing third parties to connect, and this creates a closed and limited ecosystem. [But] the large operators also are not interested in being tied to one vendor: not technology-wise and not on the business side – as they identify this as an inhibitor to their own innovation.”