LONDON Ė Mesuro Ltd. (Cardiff, Wales), a startup RF test company founded in 2008 as a spin off from Cardiff University, has announced it has raised £700,000 (about $1.1 million) in a funding round.
The money will be used to expand overseas sales and device characterization capabilities, the company said.
The system expansion will allow the company to provide device testing at continuous waveform powers of up to 100 watts to 4-GHz fundamental with harmonic control to 12-GHz, covering the major wireless communications bands including LTE. Mesuro will provide on-wafer testing capability up to 50-GHz, which will provide aerospace- and defense-related customers with enhanced capabilities.
"The Mesuro sales are extremely encouraging and these funds should enable the company to convert its highly promising pipeline in the coming year," said David Baynes, CEO of Mesuro investor Fusion IP plc, in a statement from Mesuro.
Ann Casey, Investment Executive Finance Wales, commented: "Mesuro has made excellent progress in developing and commercializing its testing equipment. It is clearly focused on its market and already achieving creditable sales levels. We are pleased to participate in this funding round as it will give Mesuro the capital it needs to expand into new markets and we look forward to seeing even greater sales revenues."
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