Cambridge start up raises £8million to occupy tv white space
1 min read
Cambridge based startup, Neul has raised £8million to expand its product and services offering for the emerging tv white space spectrum.
The company, which was founded in 2010 by a team of ex CSR employees, released its first product, NeulNET, last month. Said to be the world's first white space radio system, Neul believes it will 'revolutionise' M2M communications and other wireless applications, such as rural broadband and smart meter communications.
According to company ceo James Collier, the £8m funding will be used to help expand Neul's white space product offering and bring to market its new 'Weightless' standard. The funding round was led by European venture capital firm DFJ Esprit and included IQ Capital and Cambridge Angels.
"This investment will allow Neul to further expand its leadership position in fully compliant white space wireless systems," said Collier. "It is a real pleasure to be working with one of the leading investors in wireless technology in Europe, DFJ Esprit."
Simon Cook, ceo, DFJ Esprit, added: "Having worked with the founders in their last venture, I am excited to be working again with the team that have pioneered game changing wireless technology in Europe. They have an exciting vision, and with endless applications of the Neul network it will truly set a new standard for wireless communications."
