Sofant, an Edinburgh-based developer of satellite tv for pc communications and 5G and 6G applied sciences, has closed a £6.25m fairness funding spherical.
The Scottish agency specialises within the improvement of low-power RF MEMS beamforming options used for wi-fi satellite tv for pc communications.
It has been in an prolonged analysis and improvement section and, with the brand new funds secured, is making ready for its full business launch.
“This assist is a testomony to the disruptive potential of Sofant’s know-how and the outstanding progress our crew has made in current months,” stated David Wither, chief government of Sofant Applied sciences.
“With this extra capital, we’re positioned to speed up our business deployment and redefine what is feasible in wi-fi communications.”
The funding was led by EMV Capital Companions, with extra participation from Scottish Enterprise.
Dr Ilian Iliev, chief government of EMV Capital stated: “EMV Capital’s anchoring of this pivotal funding spherical displays our continued confidence in Sofant’s breakthrough low-power RF MEMS know-how, which we imagine represents a step-change within the structure of next-generation wi-fi programs, with the potential to reshape merchandise throughout defence, aerospace, satellite tv for pc communications and high-performance enterprise markets.
“This funding matches carefully with our funding thesis of offering decisive hands-on assist at key worth inflection factors of our portfolio firms, and to assist appeal to strategic finance.
“We look ahead to working carefully with the Sofant crew as they scale into world markets and unlock the numerous worth we imagine this know-how can create.”
