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Neul raises USD 12.8m from DFJ Esprit-led syndicate to occupy TV white space

Neul raises USD 12.8m from DFJ Esprit-led syndicate to occupy TV white space

Business news |
By eeNews Europe



Neul aims to unify the fragmented world of Machine-to-Machine (M2M) communications with the world’s first white space radio system and a new, open M2M communications standard, re-defining wireless data communications. Neul will shortly launch the new standard called "Weightless".

Neul’s white space wireless technology will enable a range of services and applications, from the predicted 50 billion connected Machine-to-Machine (M2M) devices, through smart metering to local broadband delivery, transportation and personal health devices.

Neul Chief Executive James Collier said, “This investment will allow Neul to further expand its leadership position in fully compliant white space wireless systems. It is a real pleasure to be working with one of the leading investors in wireless technology in Europe, DFJ Esprit.”
Simon Cook, CEO DFJ Esprit, said, “Having worked with the founders in their last venture, I am excited to be working again with the team that have pioneered game changing wireless technology in Europe. They have an exciting vision, and with endless applications of the Neul network it will truly set a new standard for wireless communications.”

Visit Neul at www.neul.com

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