Blu Wireless Funding Round
Blu Wireless raises Â£12.7million in a growth funding round.
20:52 12 May 2019
Blu Wireless is set to scale the deployment of devices exploiting its HYDRA mmWave technology after it raised £12.7million in funding. The funding was led by Arm, Calculus Capital, Kendall and MGL. Blu Wireless previously received funding from the University of Surrey’s 5G Innovation Centre to develop 5G in the UK.
The firm is already working with telecoms infrastructure companies and leading semiconductor companies in the UK, US, Japan and Europe.
Blu Wireless CEO, Henry Nurser, said: “The strong financial foundation that our investors are giving us will be crucial to our ability to work with our partners to deliver large scale mmWave 5G deployments across a number of key markets.
“Working closely with our partners and their customers, we are seeing a diverse and growing range of emerging applications for our technology – whether it be for drone-to-drone communications or private enterprise networks. We’d like to thank all our shareholders for their continued support at this pivotal commercialisation phase.”