AccelerComm raises £21.5m for 5G satellite and OpenRAN
AccelerComm in Southampton, UK, has raised £21.5m (€25m) to boost its development of radio IP for 5G satellites and OpenRAN systems.
The Series B round was led by Parkwalk, Swisscom and Hostplus together with participation from existing investors Bloc Ventures, IP Group and IQ Capital and follows a £5.8m round in 2020.
The funding will be used to continue to expand the current team, drive US and global expansion, and develop the technology further for mobile operators, telecoms equipment vendors and satellite operators. It is is already working with Vodafone, Intel, AMD and National Instruments.
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AccelerComm’s 5G channel coding IP is used to correct mobile transmission errors caused by noise, interference and poor signal strength. This technology is highly configurable and can be optimized for the specific needs of both terrestrial and satellite communications to provide market-leading performance and efficiency.
The company’s product suite includes a channel coding IP solution that delivers reduced latency and power consumption for 5G radio baseband processing, and LEOPhy – a complete layer 1 modem that incorporates this technology for low-earth orbit 5G satellite communications.
“From LEO satellite to terrestrial 5G deployments, the challenges of how to maximize the performance of the network, and in particular efficient use of energy and radio spectrum, are universal,” said Tom Cronk, CEO of AccelerComm.
“Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications. We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development.”
“This level of funding will help the company realize its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology,” said John Pearson, Investment Director at Parkwalk which is a significant backer of UK semiconductor startups.
“With our investment in AccelerComm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems. Its unique innovations around L1 channel coding for high performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G,” said Pär Lange, Partner at Swisscom Ventures.
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