Movandi today announced it has raised $40 million in strategic funding to accelerate the global deployment of high-performance connectivity infrastructure across 5G, satellite communications, and fixed wireless access.

The round was led by a $20 million investment from ITHCA Group, the sovereign-backed technology investment firm driving innovation across the MENA region and marks a strategic expansion into the Middle East. Additional participation came from Phaistos Investment Fund and global technology leaders including VT Alliance, Murata, and Movandi's existing investors including Cota Capital, Celesta Capital, DNX Ventures and Sierra Ventures, underscoring broad confidence in Movandi's mission to redefine the next era of intelligent connectivity.

Movandi is a next-generation connectivity company powering intelligent wireless infrastructure, from 5G to non-terrestrial satellite communications and fixed wireless broadband. With over 115 issued patents and a portfolio spanning chipsets, beamforming silicon, antennas, and software-defined networking, Movandi delivers scalable, high-performance, and cost-effective solutions for global operators and device makers.