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BBC News Published image copyrightGetty Images Scottish high-tech firm pureLiFi has announced a multi-million dollar deal to supply the US military with an optical wireless communication system. The Kitefin li-fi system harnesses the light spectrum rather than radio frequencies to transmit data securely. The deal with the United States Army Europe and Africa is the world s first large-scale deployment of li-fi technology, according to the company. PureLifi said $4.2m (£3m) had been invested in the deployment. Li-fi - short for light fidelity - is an emerging technology first developed in Edinburgh. The term was coined by Prof Harald Haas from the University of Edinburgh, who In 2011 demonstrated how an LED bulb equipped with signal processing technology could stream a high-definition video to a computer. ....
EMV Capital advised on £740k oversubscribed funding round for 5G and satellite phased array designer Sofant Technologies
London, UK - 28 April 2021 - NetScientific plc (AIM: NSCI), the international life sciences and sustainability, technology investment and commercialisation group, announces that its corporate finance and venture capital division EMV Capital Ltd ( EMVC ) advised on a £740k oversubscribed top-up fundraise for its Advised Portfolio Company, designer Sofant Technologies ( Sofant ).
The fundraise builds on last year s £2.3m pre-series A round for Sofant. Participation in the round included key existing investors, including Kelvin Capital and the Scottish Investment Bank. The funding round included a price per share uplift of 40% in less than one year since its last investment round in July 2020 - reflecting strong developments at Sofant over the period. ....
5G and satellite phased array antenna designer Sofant Technologies raises £740k in oversubscribed funding round led by EMV Capital Share Article Sofant Technologies raises £740k in oversubscribed funding round led by EMV Capital “Since our initial investment, we have seen the Sofant team make rapid progress in this strategically vital technology for the UK’s telecoms sector.” LONDON. (PRWEB) April 28, 2021 Sofant Technologies has completed a follow-on fundraise of £740,000 in an oversubscribed top-up funding round led by venture capital investor EMV Capital. The fundraise builds on last year’s £2.3m pre-series A round for the Edinburgh-based 5G and satellite communications antenna developer. Participation in the round included key existing investors, including Kelvin Capital and the Scottish Investment Bank. ....
US Army hooks up to LiFi 27 Apr 2021 The US Army has agreed a $4.2Â million deal to deploy so-called âLiFiâ wireless connectivity across locations in Europe and Africa. The contract with Edinburgh-based pureLiFi is being described as the first large-scale deployment of LiFi, with the US military set to benefit from higher security than is possible with conventional radio-frequency connections like WiFi, Bluetooth, or cellular networks. pureLiFi, established by LiFi pioneer Harald Haas and company CTO Mostafa Afgani back in 2012, is providing its âKitefinâ products for the roll-out, a newly developed system aimed at the defense sector. CEO Alistair Banham said: âThis largest real-world deployment of LiFi with the US Army Europe and Africa is a testament to the benefits that LiFi can offer and the technologyâs usability. ....
Light technology firm strikes deal with US Army bbc.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.co.uk Daily Mail and Mail on Sunday newspapers.