AccelerComm, a UK based IP solutions provider for 4G and 5G technologies to network companies, has reportedly announced that it has secured £5.8 million from a Series A investment round. The funding round was led by IQ Capital while existing investors IP Group and Bloc Ventures also participated in the round.
The company will utilize the newly raised funds to expand its existing team, focus on the US and global expansion, as well as further develop the technology since its innovative digital signal processing IP is observing increasing demand from telecoms equipment vendors, connected device manufacturers, satellite operators, and mobile operators.
The company’s renowned channel code IP is extensively utilized to correct any transmission errors in satellite, small cell, and mobile communications caused due to interference, poor signal strength, and noise. AccelerComm’s IP technology is optimized to fulfil specific needs of satellite and cellular communications to deliver the best efficiency and performance offered in the market.
The company’s product suite includes a comprehensive channel coding IP solution that offers reduced power consumption and decreased latency for the most important 5G system component, while simultaneously fulfilling all error correction and throughput targets.
AccelerComm CEO, Tom Cronk stated that from VR and gaming to telemedicine and automated robotic manufacturing lines, the potential 5G use cases are almost limitless. However, a serious roadblock called ‘latency’ still exists, which is limiting the rollout of this technology. A research team has been working to tackle this issue to fulfill 5G commitment of high throughput and low latency experience to network companies. For over 15 years, the team has been working at the University of Southampton, first, and at AccelerComm, currently, led by Professor Maunder.
Cronk further added that the firm is thrilled about closing its Series A investment round, as it would help AccelerComm to develop and deploy its leading technology in order to improve network efficiency for several forthcoming years.