LONDON Peraso Technologies Inc. (Toronto, Ontario), a fabless semiconductor company focused on the development of multi-gigabit millimeter-wave transceivers, has secured CDN$10 million (about $9.5 million) in Series A funding. The investment group comprises Celtic House Venture Partners, iNovia Capital and VentureLink Funds.
The money will be used to develop mm-wave ICs, Peraso said. The company is developing 60-GHz transceivers for use in local area networks and high-definition video transmission.
"The relevant domain experience of our investors was an important factor in our ability to raise the financing," stated Ron Glibbery, president and CEO of Peraso, in a statement. "The broad array of market opportunities afforded by mm-wave technology, coupled with world class intellectual property, was immediately recognized as a compelling investment opportunity."