Anokiwave, Inc. based in San Diego, California USA, a provider of highly integrated silicon core ICs and III-V front-ends for communications and defense applications, reported that the company has closed its Series C round of financing.
New investor Gefinor Capital led the round of financing with help from US Boston Capital Corporation and its affiliate Pear Tree Partners, and the company’s other previous investors. As part of the financing, Mr. Chris Davis of Gefinor will join Anokiwave’s board of directors.
The new round of financing follows significant growth since the company introduced its first, millimeter wave Active Antenna Silicon core IC family in 2015. Anokiwave has created a family of highly integrated millimeter wave beam steering silicon ICs. According to the company silicon offers the ability to integrate digital, RF, and analog functions on a single IC. This silicon core of the Active Antennas is placed on the IC within the antenna’s radiating element lattice. The company says that this silicon core enables low profile, low cost, low weight planar (flat) solutions.
Chris Davis, Partner at Gefinor Capital, says “Anokiwave is the only company with a production ready suite of silicon ICs for the nascent 5G telecom market.” Davis added, “We at Gefinor are thrilled to support a team so uniquely positioned for rapid growth in the 5G markets and continued leadership in the SATCOM and A&D markets.”
Bill Umphrey, US Boston managing partner commented, “As the first 5G network deployments are starting in 2018, the urgency heightens to make millimeter wave 5G technology commercially ready for consumers. ”
Robert S. Donahue, Anokiwave CEO. “This latest funding round allows us to accelerate the introduction of our second generation of ICs, to develop the third generation of ICs, and to grow our teams worldwide to continue our leadership position in the market.”