AccelerComm secures £5.8m Series A funding

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AccelerComm, the Southampton University spinout developing IP which increases spectrum efficiency and reduces latency, has raised £5.8m in Series A funding in a round led by IQ Capital alongside existing investors.

The funding will be used to expand the current team, drive US and global expansion, and develop the technology further as demand for the company’s digital signal processing IP grows among mobile operators, telecoms equipment vendors, satellite operators and connected device manufacturers.

Low latency and high spectrum efficiency are crucial in protecting cellular and other radio networks from insufficient capacity, low data rates, sparse coverage and poor quality-of-service. Despite the roll-out of early 5G networks these factors remain an issue that could inhibit new revenue opportunities for operators from services such as gaming or VR, industrial IoT, autonomous vehicles or drone control.

AccelerComm’s channel coding IP is used to correct transmission errors in mobile, small cell and satellite communications caused by noise, interference and poor signal strength.

The technology has been optimised for the specific needs of cellular and satellite communications to provide improved levels of performance and efficiency. The product suite includes a complete channel coding IP solution that delivers reduced latency and power consumption for the most critical component of a 5G system, whilst meeting all the throughput and error correction targets.

The AccelerComm IP packages can be quickly integrated and flexibly delivered for use in custom silicon (ASIC), programmable hardware (FPGA) or as software solutions, covering all use cases within the current standards.

The company was set up by Professor Rob Maunder at the University of Southampton in 2016, and since then AccelerComm has established a leadership position in the field of channel coding, also known as forward error correction, and is working with Intel, Xilinx and National Instruments.

Tom Cronk, CEO of AccelerComm said: “From gaming and VR to automated robotic manufacturing lines and telemedicine, the use cases on the road to 5G appear almost limitless. But a critical roadblock remains – latency. We are delighted to have closed our Series A funding round, which will help us further develop and deploy our already market leading technology to help improve the efficiency of networks for many years to come.”