AccelerComm secures £21.5m series B funding to supercharge 5G

AccelerComm, the company with IP which optimizes 5G radio access network performance, today announced it has closed £21.5m in Series B funding from Parkwalk, Swisscom and Hostplus together with participation from existing investors Bloc Ventures, IP Group and IQ Capital.

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

AccelerComm’s award-winning 5G channel coding IP is used to correct mobile transmission errors caused by noise, interference and poor signal strength. This technology is highly configurable and can be optimized for the specific needs of both terrestrial and satellite communications to provide market-leading performance and efficiency.

The company’s 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 already working with Vodafone, Intel, AMD and National Instruments.

Tom Cronk, CEO of AccelerComm, said: “We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development.”

John Pearson, investment director at Parkwalk, said: “We are delighted to support AccelerComm’s latest funding round, helping this UK-based company scale up and deliver exceptional connectivity to people and businesses around the world.

“This level of funding will help the company realize its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology. We look forward to seeing this unique and promising company take its operations to new heights.”

Pär Lange, partner at Swisscom Ventures, said: “With our investment in Accelercomm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems.

“Its unique innovations around L1 channel coding for high performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G.”

By Mark Adair – Correspondent, Bdaily