Movandi Gets $40M Investment - Orange County Business Journal

Movandi Raises $40 Million In Funding

Movandi secured $40 million in strategic funding, led by a $20 million investment from ITHCA Group, with participation from Phaistos Investment Fund, VT Alliance, Murata, and existing investors including Cota Capital, Celesta Capital, DNX Ventures, and Sierra Ventures. The funds will accelerate global deployments in 5G, satellite communications, and fixed wireless access (FWA), while supporting expansion into the Middle East, including a new Oma…

Movandi Gets $40M Investment - Orange County Business Journal

Irvine-based Movandi said today it has raised $40 million in strategic funding to accelerate the global deployment of high-performance connectivity infrastructure across 5G, satellite communications, and fixed wireless access. The funding round was led by a $20 million investment from ITHCA Group, the sovereign-backed technology investment firm based in Oman. Additional participation came from Phaistos Investment Fund and global technology leade…