AccelerComm, a Southampton, UK-based – The Southampton University spinout that combines 5G, satellite and other wireless communications with IP which increases spectrum efficiency and reduces latency, raised £5.8m in Series A funding.
The round was led by IQ Capital with participation from existing investors Bloc Ventures and the IP Group.
The company intends to use the funds to expand the current team, drive US and global expansion, and develop the technology further as demand for the its digital signal processing IP grows among mobile operators, telecoms equipment vendors, satellite operators and connected device manufacturers.
Founded by Professor Rob Maunder at the University of Southampton in 2016 and led by Tom Cronk, CEO, AccelerComm provides channel coding IP which is used to correct transmission errors in mobile, small cell and satellite communications caused by noise, interference and poor signal strength. This technology is optimized for the specific needs of cellular and satellite communications to provide performance and efficiency. The product suite includes a complete channel coding IP solution that delivers reduced latency and power consumption for the most critical component of a 5G system, whilst meeting all the throughput and error correction targets. The AccelerComm IP packages can be quickly integrated and flexibly delivered for use in custom silicon (ASIC), programmable hardware (FPGA) or as software solutions, covering all use cases within the current standards.
AccelerComm is already working with Intel, Xilinx and National Instruments.