Nujira raises $12m in latest funding round
Envelope tracking (ET) pioneer Nujira has raised $12million in its latest funding round, something which is said by the company to secure the rollout of it Coolteq.L technology for mobile handsets. The cash will also support the ramp to volume production.
The latest funding round included a new investor, Zurich based SAM Private Equity, as well as existing investors Amadeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, NES Partners and angel investors.
Tim Haynes, pictured, Nujira's chief executive, said: "ET is fast becoming a mandatory requirement for smartphones, driven by the poor battery life of existing 4G handsets, and the need to support multiple LTE frequency bands for global adoption. We have been at the forefront of this technological shift [and] this latest investment not only allows us to continue that development work, but also reinforces the growing value of our extensive ET patent portfolio."
Nujira is currently engaged with 16 major smartphone chipset suppliers to embed its ET technology into their reference platforms and expects its Coolteq.L technology to be designed into 4G smartphones in 2013.
