Southhampton-based IP company AccelerComm provides solutions which enable optimal performance of 5G radio access networks. It is used to correct mobile transmission errors caused by noise, interference and poor signal strength - popular among mobile operators, telecoms equipment vendors and satellite operators.
AccelerComm has raised a £21.5 million Series B funding round with investment from Parkwalk, Swisscom, Hostplus and existing investors IQ Capital, Bloc Ventures and IP Group.
“We are delighted to support AccelerComm’s latest funding round, helping this UK-based company scale up and deliver exceptional connectivity to people and businesses around the world. This level of funding will help the company realise its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology. We look forward to seeing this unique and promising company take its operations to new heights,” says John Pearson, Investment Director at Parkwalk.
There are plans to expand the team while focusing on further US and global expansion.
“From LEO satellite to terrestrial 5G deployments, the challenges of how to maximise the performance of the network, and in particular efficient use of energy and radio spectrum, are universal,” says Tom Cronk, CEO of AccelerComm.
“Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications. We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development," he says.
AccelerComm is currently working with Vodafone, Intel, AMD and National Instruments.
“With our investment in Accelercomm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems. Its unique innovations around L1 channel coding for high performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G,” says Pär Lange, Partner at Swisscom Ventures.
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