AccelerComm Secures £21.5 Million for Global Expansion
On May 11, 2023, AccelerComm, a pioneering high-tech business based in the United Kingdom, announced that it successfully secured £21.5 million in Series B funding. This funding round saw participation from notable investors, including Parkwalk, Swisscom, and Hostplus, alongside existing backers like Bloc Ventures, IP Group, and IQ Capital. The infusion of capital will be strategically allocated to bolster the company's workforce, drive expansion efforts within the United States and globally, and further develop its innovative technology. There is a rising demand for AccelerComm’s state-of-the-art intellectual property, particularly among mobile operators, telecom equipment vendors, and satellite operators aiming to increase capacity and reduce operational expenditure in both 5G satellite and terrestrial O-RAN networks.
At the heart of AccelerComm's success is its award-winning 5G channel coding intellectual property, which effectively mitigates mobile transmission errors triggered by noise, interference, and weak signal strength.
This sophisticated technology is not only highly configurable but can also be tailored to meet the distinct requirements of both terrestrial and satellite communication systems, ensuring exceptional performance and efficiency. Among its product offerings is a channel coding IP solution that significantly lowers latency and power consumption for 5G radio baseband processing. Additionally, the company has developed LEOPhy, a comprehensive layer 1 modem designed for low-earth orbit 5G satellite communications. Founded in 2016 by Professor Rob Maunder at the University of Southampton, AccelerComm has gained prominence as a leading expert in the realm of forward error correction, having established collaborative relationships with major industry players such as Vodafone, Intel, AMD, and National Instruments.
Tom Cronk, the CEO of AccelerComm, expressed his enthusiasm regarding the funding, emphasizing the universal challenges faced in enhancing network performance across various platforms, including LEO satellites and terrestrial 5G deployments. He noted the company's commitment to advancing communications technology in collaboration with key stakeholders in the mobile and satellite industries. John Pearson, Investment Director at Parkwalk, shared his excitement about supporting AccelerComm, highlighting the potential for this investment to transform 5G satellite technology. Pär Lange, a Partner at Swisscom Ventures, echoed this sentiment, emphasizing AccelerComm's unique innovations in wireless communication systems. With such backing, the company is poised for continued growth and groundbreaking technological advancements in the expanding field of 5G communications.
They've invested in AccelerComm
Get to know these Mobility investors
Click here for a full list of 7,526+ startup investors in the UK