LONDON – Neul Ltd. (Cambridge, England), a startup developing a wide-area cellular network technology dedicated to machine-to-machine or Internet-of-things data traffic, has raised an additional $5 million in equity funding.
The funding, which includes new investor Mitsui & Co. Global Investment Ltd., was achieved at a 25 percent increase to the price per share in the previous funding round, Neul said. Existing shareholders, including DFJ Esprit, IQ Capital, Business Angels and founding employees, also participated in this funding. Mitsui Global Investment (MGI) is a subsidiary of Japanese trading company Mitsui & Co. Ltd.
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Neul's first product is a radio system specifically designed for TV white space that consists of a base station, battery-powered terminal device, antennas and a set of PC based network management tools. Neul's networks are designed to operate in the licence-free television white space part of the spectrum around 400-MHz to 800-MHz.
The money raised will be used for the continued development of the technology and commercial deployment, including planned networks in the United Kingdom, United States and Singapore.
Neul is included in version 13.0 of the Silicon 60 list of emerging startups published by EE Times and entered the Silicon 60 at version 12.5 in April 2011.
A wider range would be better, but the product would certainly be more expensive. The wider the frequency range, the more difficult the RF design. Receiver technlogy in this band is very common and hence very cheap; I can't speak for transmitter technology, of course.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.