Sunday, October 4, 2009

Peraso Secures $10M (CDN) for Multi-gigabit 60 GHz Transceivers

Peraso Technologies, a start-up based in Toronto, secured $10 million (CDN) in Series A funding for its development of multi-gigabit mmWave transceivers.

The investment group is comprised of leading Canadian VC's, including Celtic House Venture Partners, iNovia Capital and VentureLink Funds. The financing will be used to develop and commercialize mmWave integrated circuits (ICs).

Peraso said its forthcoming 60 GHz transceivers will be characterized by low power consumption, small footprint and optimal system implementation.