Nujira secures £12m to ramp up Coolteq production
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Envelope tracking pioneer Nujira has raised more than £12million in new funding to ramp up production of its Coolteq chips.
CEO Tim Haynes, pictured, said the money would help the firm achieve its 'aggressive growth plans' and become the market leader in envelope tracking technology.
"The company is in a strong position, we have good traction with some world leading customers and we have a compelling product roadmap," he continued.
"Envelope tracking will shortly be a standard component in 4G smartphones and tablets, but we aren't just focused on how ET can be implemented in the latest handsets; we are already working on the next three generations of our ET chips."
Nujira will shortly be opening a new design centre in Santa Clara, California, which will focus on the development of next generation ET ICs.
The company is currently engaged with a number of major smartphone chipset vendors and expects its Coolteq.L ET chips to be designed into 4G smartphones this year.
