Blu Wireless raises £12.7m Series B funding from Arm and others to accelerate fifth-generation network rollout
The investment round was led by Arm, Calculus Capital, Kendall, MGL, and Guinness Asset Management.
Blu Wireless provides high-speed wireless connectivity technology using unlicensed spectrum for demanding applications. The firm develops carrier-grade millimeter-wave systems designed for modern telecommunications infrastructure and transportation networks.
Blu Wireless has secured £12.7m in a Series B funding round led by a consortium of existing backers alongside new participant Guinness Asset Management. The capital will enable the firm to expand its deployment of millimeter-wave technology across international markets and strengthen its technical teams. Participants in the financing include Arm, Calculus Capital, Kendall, MGL, and Guinness Asset Management.
From the founder
"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."
Henry Nurser
CEO at Blu Wireless
Investor perspective
"Blu Wireless’s mmWave technology offers an agility that will help drive the future of 5G connectivity. With their deep expertise and a proven track record, they continue to be an exceptional partner to Arm."
Noel Hurley
VP Strategy, Arm
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
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About the company
Blu Wireless
Blu Wireless develops high-speed millimeter-wave communication technology for fifth-generation networks and transport systems.