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.
Movandi, the semiconductor and systems innovator powering next-generation wireless communications solutions, 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.
“This is a pivotal inflection point in Movandi’s growth. We’re expanding beyond 5G into larger markets: satcom, fixed wireless, and AI-driven connectivity, leveraging the world-class RF and mmWave technology and team. With ITHCA and our strategic investors, we’re creating a bridge between Silicon Valley and the Middle East that will enable Movandi to scale into new markets and regions.”
– Maryam Rofougaran, CEO and Co-Founder, Movandi
The investment fuels Movandi’s evolution beyond its mmWave leadership to become a foundational enabler of intelligent infrastructure across three critical domains:
- Fixed Wireless Access (FWA) leveraging cost-effective 5G and Wi-Fi-based solutions
- Non-terrestrial satellite communications (Satcom) for global, low-latency coverage
- Next-generation RF systems for high-performance terrestrial wireless networks
- MENA Expansion and Oman Innovation Hub
The investment from ITHCA signals a strategic collaboration with Oman’s Vision 2040 to build a deep-tech ecosystem rooted in AI, semiconductors, and intelligent connectivity. Movandi will open a new Oman office to access the regional talent and expertise, and cultivate an environment of technology co-development, regional deployments, and talent partnerships with local universities and research institutions.
“Our investment in Movandi reflects Oman’s strategy to partner with global semiconductor leaders, growing Oman’s talent pool and leveraging our resources. Movandi’s proven leadership in scaling international teams, and innovation in wireless systems, satellite communications, and 5G are aligned with our vision for building AI-capable, connected societies.”
– Said Al Mandhari, CEO, ITHCA Group
Movandi’s RF chipsets, beamforming silicon, phased array antennas, and repeater systems have already transformed mmWave economics and performance. The company is now bringing the same technological edge to LEO satellite systems and hybrid fixed wireless access deployments, helping operators overcome cost, range, and latency barriers to scale real-world broadband across the globe.
With a proven record of powering commercial 5G networks, Movandi is delivering solutions that combine high throughput, low power, and intelligent beam steering, all in compact, easily deployable form factors.
