In-article:

5G: Qualcomm offers the Israeli start-up Cellwize for 350 million dollars


Specialized in the automation and management of mobile networks, the Israeli company Cellwize falls into the lap of Qualcomm. The American giant had already invested in this company less than two years ago.

Qualcomm is strengthening in telecoms. The American group, mainly renowned for its mobile chips (Snapdragon), has announced the acquisition of the Israeli start-up Cellwize, which specializes in the automation and management of mobile networks. The financial terms of the operation have not been disclosed, but it would amount to 350 million dollars, according to the Israeli media. CTech.

The 2012-founded company has raised $56.5 million since inception, according to Crunchbase. The latest operation is a series B of $ 32 million dating back to November 2020. Qualcomm had also taken part in this round of funding via its financial arm, Qualcomm Ventures.

The platform developed by Cellwize provides automation and orchestration of Radio Access Networks (RAN) in the cloud, with the support of artificial intelligence, to accelerate the deployment of the 5G network. A technology that should allow Qualcomm to take better advantage of the changes caused by the arrival of this new generation of mobile networks.



Source link -98