Latys, a Montreal, Canada-based startup delivering a drop-in antenna that extends wireless signals without interference, raised $3m in seed financing.
The round was led by Rhapsody Venture Partners with participation from existing investor TandemLaunch Ventures.
The company intends to use the funds for the production and commercial launch of the first-generation product for customers.
Led by Paul Tornatta, CEO, Latys has developed antenna technology that utilizes a metasurface to repeat wireless signals, without any processing by passively focusing the signal. Customers with existing Wi-Fi networks can resolve dead zone issues simply by placing the metasurface antennas as signal repeaters. They can also resolve interference and reliability issues in mesh networks, by replacing mesh routers with these passive antennas. In field tests, LATYS antennas have improved throughput in dead zones by over 300%.
The technology is signal agonistic and expected to find broad adoption in 5G, IoT, Wi-Fi, and Industry 4.0.
FinSMEs
07/02/2023