Friday, April 17, 2020

Movandi Finds $27M In Series C

Irvine-based hardware maker Movandi, a developer of millimeter wave, wireless technology used for 5G networks, has raised $27M in a Series C funding, according to the company. The funding was led by WRVI Capital, and also included Cota Capital and DNX Ventures. According to ovandi, it will use the new funding to further develop its 5G millimeter wave technology and expand rollout of 5G networks and devices. Movandi is led by CEO and co-founder Maryam Rofougaran. The company said the new funding will enable the company to ramp and expand their active router/repeater platform, RF front-end, and ORAN radio units. It also said it plans to grow its teams in Irvine, California and Australia to continue developing its integrated circuits and other technology. More information »

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