Peraso Technologies Inc., a Toronto, Canada-based fabless semiconductor company, closed a $20m funding round.
The round was led by new investor Roadmap Capital, with participation from existing investors Celtic House Venture Partners, Ontario Emerging Technologies Fund (OETF) and VentureLink Funds.
The company intends to use the funds to bring its technology into production and to sales and marketing activities.
Led by Ron Glibbery, President and CEO, Peraso focuses on the development of 60 GHz chip sets and solutions compliant with the IEEE 802.11ad specification.
60 GHz has been adopted for interoperability certification by the WiFi Alliance under the WiGig® brand, and WiGig® has seen industry endorsement by tech giants such as Samsung, Qualcomm and Intel.