Eagle Wireless Lands $30M to Build US-Made IoT Cellular Modules
Cleveland startup raises Series B to manufacture cellular modules stateside as America pushes to cut China dependency.
Eagle Wireless just pulled in $30 million in Series B funding. The Cleveland-based manufacturer makes cellular modules — the tiny components that let IoT devices connect to cellular networks.
Asymmetric Capital Partners and The O.H.I.O. Fund led the round. The raise comes amid a broader US push to reduce dependence on Chinese-made components in critical tech supply chains.
IoT connectivity is booming, but the module market has long been dominated by Chinese manufacturers. Eagle Wireless is positioning itself as a domestic alternative — a pitch that clearly resonates with investors watching geopolitical tensions reshape hardware supply chains.
The $30M should give the company serious runway to scale production and grab market share in a sector where "Made in America" is increasingly a selling point, not just a slogan.