LiFi company raises another £1.5million, ships product
Light communication company pureLiFi – previously known as pureVLC – has raised £1.5million in its latest round of investment as it ships Li-Flame, what is said to be the world's first full wireless LiFi networking system.
The latest investors in the University of Edinburgh spin off were led by London and Scottish Investment Partners, the Scottish Investment Bank and Old College Capital.
Professor Russel Griggs, pureLiFi's chairman, said: "I am very pleased that the necessary funding is now in place to allow Harald Haas and his team to push ahead with the product roadmap, positioning pureLiFi for its next phase of growth."
Harald Haas, pictured, pureLiFi's cofounder and chief scientific officer, added: "LiFi is increasingly viewed as a transformative technology that can change the way we use the mobile internet as part of future 5G cellular networks and at the same time be an enabler of the emerging Internet of Things."
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