Shabodi, the next-gen 5G application enabler, 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.
The Toronto-based company was founded in 2020 by startup veteran Vikram Chopra and former Cisco and Juniper Networks CTO Harpreet Geekee. Earlier this year, Ramesh Kaza, an early investor and former Global head of IoT at Cisco, joined Shabodi as President & Chief Commercial Officer to support the company’s global expansion.
“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. For developers, the network has always been considered a “blackbox.” 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.
“The impact of the pandemic and other global geo-economic challenges are challenging the status-quo for sectors such as manufacturing, logistics, mining, oil and gas among others, prompting them to evolve their business models to take advantage of 5G’s capabilities. Our vision is to lead this transformation from the front with our Application Enablement Platform (AEP) guiding customers with deeper insights into how their applications interact within the network and how to deploy “network-aware” applications for faster ROI on their 5G investments,” Chopra added.
“Private 5G promises to empower businesses with the speed and security they need to transform customer and employee experience. Shabodi is well-equipped to address enterprises’ challenges on this journey by simplifying and accelerating 5G application building and deployment,” said Joe Beatty, a long-time telecom entrepreneur and now a Shabodi investor and board member.
SOURCE: PR Newswire