Pivotal is a developing holographic beamforming techniques that are claimed to be superior to MIMO and digital beamforming. Mobile network operators use Pivotal’s products for 5G millimeter Wave (mmWave) networks for mobile and fixed wireless access (FWA).
The $50 million round was led by an affiliate of Tracker Capital Management LLC with support from Devonshire Investors. Pivotal’s existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing. It brings the amount raised by the company to $91.7 million since its formation in 2016.
Pivotal said the money would be used to expand product support and distribution and to extend Pivotal’s products and services into mid-band frequencies such as the recently auctioned C-Band, CBRS, Band n53 and other upcoming frequency bands.
“For 5G, ultra-wideband mmWave is the real game changer and Pivotal has built the complete solution for rapid, cost-effective deployment of these high-value networks,” said Brian Deutsch, CEO of Pivotal, in a statement.
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