Anokiwave has announced the completion of its Series C financing round led by new investor Gefinor Capital in conjunction with US Boston Capital Corporation and its affiliate Pear Tree Partners, and other previous investors. As part of the financing round, Chris Davis from Gefinor joined Anokiwave’s Board of Directors.
The new round of capital follows significant growth by the company since launching its first millimeter wave Active Antenna Silicon core IC family in 2015. Its latest financing round will drive continued growth of its world-class product leadership in the 5G, SATCOM, and A&D markets with innovative IC architectures and systems solutions. Anokiwave continues to see widespread and growing demand in its key markets from customers looking to industrialize planar Active Antennas at millimeter waves with its all silicon core ICs for commercial markets.
Anokiwave has developed a family of highly integrated millimeter wave beam steering silicon ICs. Silicon offers the ability to integrate RF, digital, and analog functions on a single IC. This approach enables all of the requisite functions for the Active Antennas to be placed on the IC which then resides within the radiating element lattice of the antenna, thereby enabling low profile, low cost, low weight planar (flat) solutions.
Being the only company with a production ready suite of silicon ICs for the nascent 5G telecom market, Chris Davis attributed the leading position to great foresight from management coupled with excellence in engineering and decades of team experience designing advanced communications antenna ICs.
As the first 5G network deployments start in 2018, the urgency heightens to make millimeter wave 5G technology commercially ready for consumers. Anokiwave is continuing to make 5G a reality by leading the market with industrialized, production ready products for millimeter wave Active Antennas. With over 10 years of experience designing core ICs for millimeter waves, it is pushing this technology into prime-time for the 5G, SATCOM, and A&D markets.
This latest funding round now allows it to accelerate the introduction of the second generation of ICs, to develop the third generation of ICs, and to grow its teams worldwide to continue the leadership position in the market.
