Eagle Wireless Secures $30M Series B Financing to Accelerate 5G Innovation

Eagle Wireless, a prominent U.S.-based cellular module manufacturer, has successfully closed a $30 million Series B financing round led by Asymmetric Capital Partners and The O.H.I.O. Fund. This new investment brings the company's total capital raised to $44 million and positions it at the forefront of innovation amid the global shift from 4G to 5G connectivity.

Eagle Wireless, renowned for serving both the IoT and automotive markets, offers scalable, secure, and high-performance connectivity solutions across industrial, commercial, and vehicle platforms. The recently secured capital will be utilized to expand research and development, advance the company's 5G roadmap, and support its expansion into full-device production for U.S. customers.

Norbert Muhrer, CEO of Eagle Wireless, expressed that the Series B marks a significant milestone and reaffirms their commitment to providing top-notch connectivity solutions for IoT and automotive applications.With a focus on building enduring customer relationships, the company aims to extend its value from modules to full-device solutions, simplifying development and meeting the growing demands of 5G connectivity.

The funding round, co-led by existing investors, reflects confidence in Eagle Wireless' execution, technical depth, and expansion strategy. As the company plans to solidify its position as a leading Western module vendor and accelerate the development of next-generation 5G solutions, it aims to further establish itself as a trusted U.S.-based partner for customers deploying connected devices at scale.