Blu Wireless Technology closes $3.1m funding round for 60GHz wireless IP

Drives growth and advances 60GHz wireless baseband IP for 802.11ad WiFi and 4G network backhaul 

60GHz wireless specialist, Blu Wireless has closed a $3.1 million (£2m) funding round. This will allow the company to drive further growth, doubling in size to 30 staff, and complete the development of its HYDRA baseband IP offering for 802.11ad next generation WiFi (WiGig CERTIFIED) and 4G mobile network backhaul applications.

The funding round was led by Qi3 Accelerator, who represented a syndicate of over $1.5m (£1m) of London Business Angels private investors, including Wren Capital. A further $0.9 million (£0.6m) was invested by the Angel Co-Fund, several additional investors made […]