AccelerComm secures £21.5m Series B funding

1 min read

AccelerComm, the UK company with IP which optimises 5G radio access network performance, has closed a £21.5m Series B funding round.

Key new investors included Parkwalk, Swisscom and Hostplus together with participation from existing investors Bloc Ventures, IP Group and IQ Capital.

According to AccelerComm, the funding will be used to continue to expand the current team, drive US and global expansion, and develop its technology further as demand for the company’s cutting-edge IP grows among mobile operators, telecoms equipment vendors and satellite operators.

The company’s 5G channel coding IP is used to correct mobile transmission errors caused by noise, interference and poor signal strength. It is highly configurable and can be optimised for the specific needs of both terrestrial and satellite communications to improve both performance and efficiency.

Its product suite includes a channel coding IP solution that delivers reduced latency and power consumption for 5G radio baseband processing, and LEOPhy – a complete layer 1 modem that incorporates this technology for low-earth orbit 5G satellite communications.

Founded by Professor Rob Maunder at the University of Southampton in 2016, AccelerComm has established itself as a leader in the field of channel coding, also known as forward error correction, and is working with the likes of Vodafone, Intel, AMD and National Instruments. The company is also an active member in both the O-RAN ALLIANCE and Small Cell Forum.

Commenting Tom Cronk, CEO of AccelerComm, said, “From LEO satellite to terrestrial 5G deployments, the challenges of how to maximise the performance of the network, and in particular efficient use of energy and radio spectrum, are universal.

“Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications.”

John Pearson, Investment Director at Parkwalk, said that the additional funding would help the company realise its commercial potential, “promising a step-change moment in the development and capability of 5G satellite technology.”