Movandi Raises $40M to Accelerate Global 5G and Satellite Connectivity Deployment

Deal Summary

Movandi, an Irvine, CA-based connectivity company, raised $40M from a group of investors including ITHCA Group, Phaistos Investment Fund, VT Alliance, Murata and existing backers Cota Capital, Celesta Capital, DNX Ventures and Sierra Ventures. The company will use the proceeds to accelerate deployment of high-performance connectivity infrastructure across 5G and satellite networks.