A major wireless communication technology innovator, Movandi, has received $40 million in strategic capital to accelerate the global rollout of 5G networks and satellite communications.
These $20 million investments by ITHCA Group indicate a significant move into satellite communication and fixed wireless access sectors beyond 5G.
Maryam Rofougaran, Movandi’s CEO and co-founder, declared, “This is a pivotal inflexion point in Movandi’s growth… We’re creating a bridge between Silicon Valley and the Middle East that will enable Movandi to scale into new markets and regions”.
Expanding 5G and Satcom Infrastructure globally
Movandi powers next-generation wireless networks with superior millimetre-wave (mmWave) equipment. The increased investment goes to fixed wireless access systems that enable 5G and Wi-Fi broadband without cables, satellite communications for worldwide coverage, especially in isolated locations, and upgraded radio-frequency technology for faster, higher-capacity terrestrial networks.
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This method connects areas where standard infrastructure is expensive or impossible to deploy. ITHCA Group’s financial commitment supports Oman’s Vision 2040 to establish a tech ecosystem around AI, semiconductors, and networking. Said Al Mandhari, CEO of ITHCA Group, explained, “Movandi’s leadership in wireless systems, satellite communications, and 5G aligns with our vision for AI-capable, connected societies”.
Building bridges between regions for AI connectivity
Movandi plans to open an office in Oman to harness local talent and collaborate with universities and research institutions. This strategic move enhances its reach across MENA and beyond, supporting AI-driven connectivity and integrating terrestrial and satellite networks.
Movandi is poised to revolutionise intelligent wireless infrastructure by combining Silicon Valley innovation with regional expertise, providing seamless connectivity solutions that connect urban centres and the periphery.
Movandi’s commitment to expediting global 5G and satellite communications is further bolstered by the participation of global technology leaders such as Murata and VT Alliance in this $40 million funding round and existing investors such as Sierra Ventures and Cota Capital.