HaiLa Technologies – a Canadian fabless semiconductor and software company developing highly power-efficient radio communications solutions – recently announced that it had raised $10.35 million from new strategic investor Murata Electronics and the entire group of existing investors, including Stanford University, Mika, Ecofuel Fund, Chrysalix, and TandemLaunch.
The new funding round will help drive R&D development, enabling the team to grow and be used to bring HaiLa’s ultra-low-power system-on-chip (SoC) solutions to market – supporting its mission to provide breakthrough power-efficient communications solutions to enable ambient IoT and reduce wireless sensor battery waste.
HaiLa is focused on bringing the most power-efficient communications possible over existing radio protocols like Wi-Fi, with the goal to enable ambient IoT sensing. And HaiLa’s ultra-low power SoC products will lower operating expenses related to changing batteries and reduce the number of batteries required for a connected device’s lifetime. This will enable wireless devices to last longer on the same battery, use smaller batteries, and see fewer batteries in landfills.
KEY QUOTES:
“HaiLa’s team is dedicated to pushing the boundaries of power efficiency in wireless. Whether it is their use of backscatter or other implementation technologies to achieve very power efficient radio communications, Murata’s own sustainability focus is very aligned with their path. We look forward to supporting the HaiLa team with this investment and bringing their technology to market.”
— Mehul Udani, Vice President of Corporate Technology & Innovation, Murata Americas
“We are really pleased to have the support of Murata Electronics, a global leader in wireless technology and semiconductors, in conjunction with our supporting investors. HaiLa and Murata share common sustainability goals. Our collective mission is to drive down power consumption in connected IoT sensing devices and work towards a level of power-efficiency that reduces the overall battery requirement. This new strategic partnership combined with the new funding is a testament that the industry and investment communities recognize the importance of HaiLa’s objectives.”
— Derek Kuhn, CEO, HaiLa
