Blu Wireless raises $16m for 5G chip design roll out : Page 2 of 2

May 03, 2019 //By Nick Flaherty
5G chip design company Blu Wireless has raised £12.7m ($16.6m)
IP designer Blu Wireless has raised £12.7m ($16.6m) to boost the deployment of its millimetre wave processor for 5G chips.

The investment by ARM in October 2017 was a key boost for the company in system designs. “Blu Wireless’s mmWave technology offers an agility that will help drive the future of 5G connectivity. With their deep expertise and a proven track record, they continue to be an exceptional partner to Arm.," said Noel Hurley, VP Strategy at Arm.

Alexander Crawford, co-Head of Investments at Calculus Capital, stated: “Blu Wireless is establishing itself as a world leader in enabling multi-gigabit mmWave connectivity. We are very excited about the opportunities and prospects ahead for the company and the management team.” Shane Gallwey, Fund Manager at Guinness Asset Management said: “We’re delighted to be backing Blu Wireless. We can clearly see the technology’s potential for existing and future applications in 5G. It was a straightforward decision for us to invest.”

The funding will be used to scale the sales, software and customer applications support teams around the world.

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