LEUVEN, Belgium–(BUSINESS WIRE)–Pharrowtech, a leader in the design and development of millimeter wave (mmWave) hardware and software for next-generation wireless applications, today announces the closure of its €15 million Series A funding round to continue developing next-generation 60 GHz wireless RF transceivers and antenna technology.
This investment round was led by Innovation Industries, a highly reputed deep tech investor based in the Netherlands, and joined by Seed Round investors imec.xpand, Bloc Ventures, and KBC Focus Fund. The funding 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 raised will also be utilized 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.
In a world led by digital transformation, high-speed internet connectivity has become a crucial asset. Various economic and geographic factors are leading governments and corporations worldwide to seek solutions that can bridge the digital divide and provide ultrafast connectivity. Pharrowtech delivers a unique solution, offering gigabit-per-second speeds to consumers and businesses…
