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Pharrowtech raises €15 million Series A
Pharrowtech raises €15 million Series A to develop world’s first viable wireless alternative.
Pharrowtech, a leader in the design and development of millimetre wave (mmWave) hardware and software for next-generation wireless applications, today announces its €15 million Series A funding round to continue developing next-generation 60 GHz wireless technology.
The round was led by Innovation Industries, with participation from Bloc Ventures, imec.xpand and KBC Focus Fund. This will enable Pharrowtech to accelerate deployment of its recently launched 60 GHz CMOS Radio-Frequency Integrated Circuit (RFIC) PTR1060, and phased array antenna Radio-Frequency Module (RFM) PTM1060 for 5G unlicensed fixed wireless access, wireless infrastructure, and consumer applications. The capital will be used to ensure best in class customer support, expanding Pharrowtech’s operations in the United States, and growing its engineering and business teams to drive the product roadmap and fuel further growth.
Pharrowtech delivers a unique solution, offering gigabit-per-second speeds to consumers and businesses wirelessly. The 60 GHz frequency range is becoming increasingly important for applications such as remote working and learning, augmented and virtual reality, and entertainment and gaming, thanks to its greater capacity and lower latency. Increasingly, network operators are looking at outdoor Fixed Wireless Access (FWA) solutions as the most effective and economical solution to deliver the required gigabit-per-second speeds link to consumers. In parallel, due to the increasing capabilities of 5G radio base stations, mobile operators are deploying millimetre wave solutions to meet the increasing demand of backhaul network architectures for macro and high-density small cell deployments.
Wim Van Thillo, CEO and co-founder, Pharrowtech, says: “This year has started on a great note for Pharrowtech, and this investment is another significant milestone in our journey. Despite the challenges brought by a global pandemic, Pharrowtech was able to move rapidly from imec R&D Prototypes in 2019 to scaling up production of an exceptionally advanced 60 GHz RF solution by 2022. Our agility and capabilities have kept us ahead of the curve, delivering solutions that will shape the future of ubiquitous connectivity. We would like to thank our team, our investors, partners, and especially our customers for their faith in us. With the next phase of our growth underway, we are committed to providing RF solutions to multi-GHz links to enable low-cost infrastructure and consumer applications.”
David Leftley, CTO at Bloc Ventures, added: “60 GHz licence free spectrum is rapidly becoming the spectrum of choice where low latency and multi gigabit speeds are a requirement for infrastructure and CE wireless connectivity applications. Until now, cost and power consumption has been prohibitive to wide adoption. Pharrowtech is at the forefront of enabling this market, launching highly advanced low cost and low power CMOS RF semiconductor products. Core to the team’s latest innovation is leveraging bulk CMOS rather than more expensive and exotic fabrication processes such a SiGe. To do this is an outstanding achievement. The funding round is a testament to their expertise, execution and commitment, and we are delighted to be involved in this growth journey alongside them.”
Building on imec’s R&D and prototypes, Pharrowtech recently announced the availability of the PTR1060, the world’s first IEEE 802.11ay-compliant CMOS RF chip for indoor and outdoor wireless use cases that supports the full 57 to 71 GHz bandwidth. The company also launched PTM1060 (RFM) phased array antenna modules to provide OEM/ODMs with a ready-to-use 60 GHz solution. The integration levels, performance, and capabilities of Pharrowtech’s latest RFIC open the full potential of low-cost, small form factor and low-power FWA deployments, 5G and WiFi infrastructure backhauling, next-generation consumer electronics products, and IoT devices requiring high-speed links. The programming interfaces and tuneable features of the chip and antenna allow for optimal integration by equipment makers.
Both products are currently available to select customers and are already being designed-in by a tier-one US equipment vendor. The company is also providing demonstrations and evaluation kits to the consumers and will ramp up the production in Q3 2022.