EdgeQ, a California-based company specializing in 5G chip systems, has raised a $75M Series B funding
round led by Phaistos Investment Fund with participation from Strategic
Development Fund (SDF), the investment arm of the United Arab Emirates
Tawazun Council, Singapore-based global investor EDBI, and others.
The
company has a Base Station-on-a-chip that enables operators, cloud
service providers, and enterprises to build, configure, and deploy
public and private networks.
- EdgeQ was founded in 2020 by former Broadcom, Intel, and Qualcomm executives.
- According to the company website,
EdgeQ aims to democratize 5G and accelerate cloud migration to the
closest point of the edge where data processing and connectivity occur.
- EdgeQ's
Base Station-on-a-chip is touted as the only one that provides
multi-mode 4G+5G convergence with a production grade 4G+5G PHY layer for
O-RAN Distributed Unit (DU) and small cells.
- The
California-based company says it will use its fresh capital to increase
its headcount and fund the development of its next-generation chip
technology amid a growing enterprise interest in 5G and private wireless
technology options.
- EdgeQ CEO Vinay Ravuri stated that the company is "actively hiring" in Santa Clara, California, and Bangalore, India.
