VSORA, a company working on 5G, has raised $1.7 million in Series A funding from Omnes Capital and Partech Ventures, alongside a number of angel investors.
The Paris-based company develops digital signal processing (DSP) technology for chips used in 5G networks, which are fast approaching and under heavy development by the world’s telecoms giants. The new funds will be invested in R&D and expanding sales in the US and Asia.
“This investment comes at a critical juncture in the world of telecommunications,” said CEO Khaled Maalej. “With the coming 5G mobile standard, traditional DSP technology will run out of steam on multiple levels. Our aim is to become the reference point for state-of-the-art DSP applications.”
VSORA was founded in 2015 by former engineers from semiconductor firm DiBcom, which was eventually acquired by Parrot Automotive.
“VSORA’s technology has the potential to revolutionize DSP architectures, transform the design and implementation processes, and ultimately enhance go-to-market strategies. VSORA’s founding team has the ability to become a major player in the silicon industry,” commented Marc Gasser, analyst at Omnes Capital.