PureLiFi raises $18M in Series B funding to reach mass-market
Since this announcement pureLiFi has been working with device manufacturers to have LiFi designed into commercial laptops, tablets and mobile devices. The new funding round includes Temasek, an investment company headquartered in Singapore, and the Scottish Investment Bank. The investment will allow the company to further develop Gigabit LiFi components and make them available in form factors ready for mobile device integration. Recently pureLiFi announced its collaboration with Getac, the leading manufacturer of rugged tablets and PC’s.
“Device manufacturers are looking for new ways to provide devices with faster, more reliable and secure connectivity. LiFi is the natural next step in the evolution of global wireless communications and pureLiFi is leading the way to provide this technology to the market.” said pureLiFi CEO Alistair Banham. “Our investors believe in our team and our strategy to provide LiFi for every light and every device, and we have the products to support mobile device integration of LiFi.”
LiFi enables the transfer of the internet through light without the use of radio frequencies used by other technologies such as Wi-Fi and Cellular. By using the light, spectrum LiFi can unleash faster, more reliable and more secure wireless data communication.
“After more than a decade of persistent and systematic development of key technologies for wireless communications using light and the demonstration of the almost unlimited capabilities of LiFi for secure gigabit wireless connectivity for many use cases such as machine-to-machine communication, we are now at the precipice of a watershed moment for LiFi. I am absolutely delighted that we are now empowered to get the LiFi mass-market avalanche in motion!” added Professor Harald Haas, co-founder and CSO of pureLiFi.
LiFi has increasingly gathered industry support as the market has identified the technologies advantages. Currently, the technology is being globally standardised under 802.11, which is on schedule to be fully ratified in early 2021. In June of this year, a global Light Communications Alliance (LCA) was formed to develop new use cases, educate the market and advocate the use of standards for this emerging industry. The organisation was founded by leading industry brands such as Nokia and Liberty Global along with LiFi providers, including pureLiFi.
PureLiFi – www.purelifi.com
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