Cellwize, a start-up headquartered in Singapore, raised $14.5 million in a Series A funding round for its Self-Organizing Network (SON) solutions.
The funding round was led by Carmel Ventures and Vintage Investment Partners. In addition, Viola Credit (formerly Plenus) granted a $10 million credit facility to Cellwize. The funding will be used to boost Cellwize’s innovative SON customer-centric optimization capabilities and to expand its market presence including a planned significant increase in its workforce.
Cellwize said its optimization solutions are implemented in some of the world’s leading mobile operators serving over 300 million subscribers. Its elastic-SON solution autonomously delivers peak network performance, network reliability and operational efficiencies for increasingly complex heterogeneous networks.
“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,” said Ofir Zemer, CEO of Cellwize. “Our recent growth demonstrates even more, that enabling mobile operators to ensure a high quality of service for subscribers while maximizing profitability is essential in today’s highly competitive market space.”
