EdgeQ – a leader in 5G wireless infrastructure – announced a $75 million funding round as well as the appointment of Lattice Semiconductor CEO and President Jim Anderson to the company’s Board of Directors. EdgeQ will use the funding to ramp production of its award-winning 5G + AI “Base Station-on-a-Chip” to meet customer demand and to develop its next-generation chip.
The $75 million funding consists of both institutional and strategic investors, including Phaistos Investment Fund; Strategic Development Fund (SDF) – which is the investment arm of the United Arab Emirates Tawazun Council; Singapore-based global investor EDBI; IRONGREY; ST Engineering; Yaletown; ClearSky, and other existing investors.
EdgeQ’s approach to wireless infrastructure unifies both 4G and 5G onto a single chip that can elastically scale in performance and features through software upgrades. And EdgeQ is the only company offering multi-mode 4G+5G convergence along with a production grade 4G+5G PHY layer for O-RAN Distributed Unit (DU) and small cells.
The fabric of wireless infrastructure rests on access to silicon innovation that is designed expressively for a cross section of transformative applications, ranging from industrial 4.0 automation to digital education to autonomous vehicles to satellite communications and beyond. And with the latest funding round, EdgeQ will be the first to address the fast growing, multi-billion dollar 5G infrastructure TAM with a single chip that converges connectivity and compute at the edge.
EdgeQ has developed the world’s first “Base station-on-a-Chip,” giving operators, cloud service providers and enterprises the revolutionary ability to build, configure, and deploy public and private networks that are scalable and affordable. And the massively integrated 4G+5G+AI chip uniquely utilizes both RISC-V and ARM architectures to compact at an unprecedented small scale an entire rack of complex and high-performance base station communications equipment into a tiny and power efficient envelop. Plus the platform comes feature complete, including a production-grade Physical Layer (PHY) software that governs all the essential protocols and features of 4G/5G.
KEY QUOTES:
“It is really exciting to see a rich mix of institutional and strategic investors validate the mission and spirit of EdgeQ. We are here to motivate new and existing players, innovating to deploy private 5G networks and O-RAN networks in simplistic, affordable terms. By removing the friction and price premium that traditionally accompanies cellular deployment, we have envisioned a new backbone that is simple, intuitive, and open. And this disruption is available now.”
- Vinay Ravuri, CEO and co-founder of EdgeQ
“EdgeQ is built on strong fundamentals that appeals to investors, technologists, and customers. Particularly in the 5G wireless space, EdgeQ possesses the rare blend of ability and aptitude to execute on a compelling vision that will profoundly reshape how the industry conceives and consumes 5G. This is a really exciting time to join as an independent board member and help EdgeQ through the next phase of growth and market successes.”
- Jim Anderson, CEO and President of Lattice Semiconductor
