GenXComm, an Austin, Texas-based company commercializing technology to improve the performance and capacity of communications networks, held the initial closing of a $7m Series A funding round.
The round was led by Intel Capital, with participation from existing and new investors Azure Capital Partners, Bandgap Ventures, Capital Factory, FAM Capital Partners, Lip-Bu Tan, UT Horizon Fund and WS Investment Co.
The Series A round, which could have additional investors join in a secondary closing, will be used to expand the company’s R&D team.
Founded in 2016 by Sriram Vishwanath, CEO, and inventor Hardik Jain, GenXComm is commercializing a full-duplex radio that operates reliably under the toughest real-world conditions. GenXComm’s technology, emerged from four years of multi-disciplinary research and development efforts at The University of Texas at Austin, enables full-duplex links for Cable (DOCSIS), Wi-Fi, 5G and the Internet of Things.