AccelerComm, a London company with IP, which optimises 5G radio access network performance, has closed £21.5 million in Series B funding. The investment came from Parkwalk (that invested in Wayland and Legislate), Swisscom, and Hostplus with participation from existing investors Bloc Ventures, IP Group, and IQ Capital.
The funding will be used to continue to expand the current team, drive US and global expansion, and develop the technology further as demand for the company’s cutting-edge IP grows among mobile operators, telecom equipment vendors, and satellite operators.
Tom Cronk, CEO of AccelerComm, said, “AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications. We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development.”
John Pearson, Investment Director at Parkwalk, said, “We are delighted to support AccelerComm’s latest funding round, helping this UK-based company scale up and deliver exceptional connectivity to people and businesses around the world. This level of funding will help the company realize its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology. We look forward to seeing this unique and promising company take its operations to new heights.”
Pär Lange, Partner at Swisscom Ventures, said, “With our investment in Accelercomm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems. Its unique innovations around L1 channel coding for high-performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G.”
High-performance channel coding IP for 5G
AccelerComm was founded by Rob Maunder in 2016 in Southampton. The company specialises in developing high-performance channel coding IP (intellectual property) for 5G and other wireless communication standards.
Channel coding is a technique used to add redundancy to data being transmitted over a communication channel, which helps to improve the reliability and quality of the transmission. AccelerComm’s channel coding solutions are designed to improve the efficiency and performance of wireless communication systems, while also reducing latency and power consumption.
This company’s channel coding IP is used in a wide range of applications, including smartphones, base stations, and other wireless devices. Their technology is important for 5G networks, which require advanced coding techniques to handle the high data rates and low latencies required for applications such as autonomous vehicles, augmented reality, and virtual reality.
The technology helps to enable faster, more reliable, and more efficient wireless communication, which is critical for the continued development and deployment of advanced wireless technologies.
