Peraso Technologies Raises $20M in Funding

peraso-logoPeraso Technologies Inc., a Toronto, ON, Canada-based a fabless semiconductor company, raised $20m in Series C funding.

The round was co-led by US semiconductor company IDT (IDTI on NASDAQ), and existing investor Roadmap Capital, with additional financing from iNovia Capital.

The investment will be used to increase the company’s capacity to address the customer interest in all of the targeted market opportunities, including smart phones and virtual reality (VR).

Led by Ron Glibbery, President and CEO, Peraso develops wireless gigabit (60 GHz) chipsets and solutions compliant with the IEEE 802.11ad specification addressing both next generation WiFi opportunities in the consumer electronics (CE) space, as well as outdoor devices in the 60 GHz wireless infrastructure space.



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