WiGig chip vendor raises $42 million

WiGig chip vendor raises $42 million

Business news |
By Peter Clarke

The latest round brought the amount invested in Peraso above $75 million since its formation in 2009. The funding was co-led by two unnamed strategic investors and existing investor Roadmap Capital.

“This latest round of funding reaffirms our investors’ confidence in the progress that the company is making and the future for both Peraso and the quickly expanding market for mmWave technology-based products,” said Bill McLean, CEO of Peraso, in a statement. “Raising this capital allows us to take our sales to the next level, especially as an increasing number of consumer electronic and wireless infrastructure manufacturers choose to incorporate multi-gigabit wireless connectivity into their products.”

Peraso is currently in production with WiGig chips for Fixed Wireless Access, wireless networking and 4K wireless video distribution.

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