Cellwize Wireless Technologies, an Israeli provider of mobile network automation tech, has been acquired by Qualcomm, the American chip manufacturer, for $350 million through its investment arm, Qualcomm Ventures.
Qualcomm is already an investor in Cellwize, having taken part in that company’s $32 million Series B round of funding which was held in November 2020. “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 at the time of the raise.
Qualcomm also provides 5G tech, including 5G-enabled smartphones that double as pro-level cameras and gaming devices, smarter vehicles and cities, and the technology behind the smart, connected factories. The company boasts that its powerful connectivity solutions keep people connected—even in remote areas.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at email@example.com.
The company boasted that by acquiring Cellwize Qualcomm will be able to better develop and promote its 5G tech to clients. Qualcomm Technologies declared that it is committed to “accelerating the deployment of Open RAN, a key technology for the deployment of public and private 5G networks.”
“With the time and cost savings our expanded portfolio now offers, the entire ecosystem — from developers and operators to OEMs and cloud integrators is free to innovate like never before,” declared Qualcomm.
Cellwize says that its Chime tech 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.
Durga Malladi, senior vice president and general manager, Cellular Modems & Infrastructure, at Qualcomm Technologies, commented, “The addition of Cellwize’s best-in-class RAN automation technologies strengthens Qualcomm Technologies’ ability to drive the development of the modern 5G network – accelerating Open RAN global adoption, cloud-based cellular infrastructure innovation and 5G private network deployments.”