Peraso Technologies, a Toronto-based fabless semiconductor company and a leader in the development of mmWave technology and Wireless Gigabit (WiGig) chipsets, announced it raised $42 million in funding. This round of funding was co-led by two strategic investors and existing investor Roadmap Capital.
“This latest round of funding reaffirms our investors’ confidence in the progress that the company is making and the future for both Peraso and the quickly expanding market for mmWave technology-based products,” said Peraso president and CEO Bill McLean in a statement. “Raising this capital allows us to take our sales to the next level, especially as an increasing number of consumer electronics and wireless infrastructure manufacturers choose to incorporate multi-gigabit wireless connectivity into their products.”
Currently, Peraso is building on WiGig IC solutions to address next generation Wi-Fi opportunities in the Fixed Wireless Access, wireless networking, and 4K wireless video distribution. And the company is focused on the development of mmWave technology products and solutions. Peraso’s initial products are based on 60 GHz chipsets and solutions compliant with the IEEE 802.11ad specification.
“Roadmap is very thrilled to see Peraso bringing new strategic investors to its shareholder base. It is a validation of the superior performance of Peraso’s solution,” added Roadmap Capital partner Imed Zine “We are very excited to support the growth phase of Peraso in Fixed Wireless, mmWave wireless links for 5G and WiGig-based Consumer Electronics.”
