Mobile Network Optimizer Cellwize Raises $14.5M

December 2, 2015 | Israeli startup Cellwize, which provides mobile network operators optimization tools, has raised $14.5 million in a Series A round of financing led by Carmel Ventures and Vintage Investment Partners. In addition, Viola Credit, part of the Viola Group (Carmel Venture’s parent company), granted a $10 million credit facility to Cellwize. The funding will be used to accelerate the company’s product development, market deployment, and increase the company’s presence in global markets. Founded in 2012 and led by CEO Ofir Zemer, Cellwize has developed a proprietary platform, elastic-SON (Self Organizing Networks), which helps mobile network operators resolve peak network demand, improve performance and reduce operating expenses.