A Belgian company that develops millwave hardware and software (mmWave) for next-generation wireless applications, Farroutek raised € 15 million in Series A financing round. Investment managed by Dutch venture capital Innovative industries and saw the participation of imec.xpand, Block Venturesand KBC Focus Fund.
Founded in 2018, Pharrowtech is developing subsystems for unlicensed operations at 60 GHz. Because of more power and less latency, this frequency range is important for applications such as remote work and learning, augmented and virtual reality, and entertainment and games.
The funds will be used to provide customer support, expand operations in the US and accelerate the deployment of the recently launched 60GHz CMOS Radio Frequency Integrated Circuit (RFIC) PTR1060 and phased array antenna radio frequency module (RFM) PTM1060 for unlicensed 5G network. fixed wireless access.
CEO and co-founder of Parrowtech Wim Van Tila said: “Despite the challenges posed by the global pandemic, we were able to move quickly from the imec R&D prototypes in 2019 to increasing production of the modern 60 GHz radio frequency solution by 2022. With the next phase of our growth, we are committed to providing RF solutions for multi-GHz communications to include low-cost infrastructure and consumer applications. ”
Sander Verbrugge, a partner of Innovation Industries, concluded: “Innovation with connectivity and high bandwidth is essential for today’s society. Parrowtech is a leader in connecting the next generation with its technology and products. ”