Image credit: AccelerComm
Southampton-based AccelerComm, which has developed IP to optimise 5G radio access network performance, has closed a £21.5m Series B funding round.
The University of Southampton spinout’s tech corrects transmission errors in 5G networks caused by noise, interference and poor signal strength.
Founded in 2016, AccelerComm’s error correction tech is used by Vodafone, Intel, and AMD.
“From LEO satellite to terrestrial 5G deployments, the challenges of how to maximize the performance of the network, and in particular efficient use of energy and radio spectrum, are universal,” said Tom Cronk, CEO of AccelerComm.
“Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications.”
The Series B round came Parkwalk Advisors, along with Swisscom and Hostplus. Additional participation in the round came from existing investors Bloc Ventures, IP Group and IQ Capital.
“This level of funding will help the company realize its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology,” said John Pearson, investment director at Parkwalk Advisors.
AccelerComm will put the new funds towards growing its team as well as driving international expansion into the US and beyond.
The company previously secured £5.8m in a Series A round back in September 2020.