Shabodi Raises $10.3M in Series A Funding to Bridge the 5G Innovation Gap
TORONTO, Dec. 14, 2022 /PRNewswire/ -- Shabodi, the next-gen 5G application enabler, today announced that it has raised $10.3M in an oversubscribed Series A round led by CEAS Investments and SineWave ventures, to help enterprises accelerate the development and deployment of network-aware applications on Advanced LTE, 5G, Wifi 6 and 6G. Existing investors Blumberg Capital and Counterview Capital also participated in this round, joined by 5G Open Innovation Lab, Green Egg ventures, Maccabee Ventures, Supernode Ventures and Vishal Gupta, Global CIO and CTO at Lexmark. Veteran telecom entrepreneur and Shabodi investor Joe Beatty is joining investors Bruce Taragin of Blumberg Capital and Vishal Makhijani on Shabodi's board of directors.
- "We founded Shabodi to address the real-world challenge of simplifying advanced network (LTE, 5G, Wifi 6 and 6G) innovation at the enterprise level for application developers.
- This is the paradigm Shabodi is enabling as 5G promises to overhaul how enterprises build and deploy applications, no longer constrained by connectivity requirements, said Vikram Chopra, CEO & Co-founder, Shabodi.
- I am excited to partner with Shabodi on their journey and can't wait to see how they enable 5G innovation for enterprises."
- 5G is in its nascent stages globally, but Shabodi is already enabling mission-critical use cases on behalf of its customers.