This brings the amount raised by the company to more than £8.3 million. AccelerComm raised £2.5 million in seed funding in 2019 (see AccelerComm gets funding for development of LPDC codecs for 5G) and a smaller seed funding round shortly after its formation in 2016.
AccelerComm claims that is IP for the implementation of various aspects of 5G communications significantly reduces latency and increases spectral efficiency. The company said the money would be used for global expansion, to employ more people and to develop the technology.
The round was led by IQ Capital with existing investors Bloc Ventures and the IP Group also taking part. Despite the roll-out of 5G, low-data rates and poor quality-of-service can be a consequence of sparse coverage. This in turn cuts operators off from a number of money-making opportunities, such as gaming and VR, industrial IoT and autonomous vehicle and drone control.
The company was founded by Professor Rob Maunder of the University of Southampton in 2016 and its forward-error correcting channel coding IP is used to correct transmission errors in mobile, small cell and satellite communications caused by noise, interference and poor signal strength.
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