Tuesday, June 28, 2011

Neul Raises $12.8 million for White Spaces

Neul, a start-up based in Cambridge, UK, has raised $12.8m (£8.0m) from DFJ Esprit-led syndicate for TV white space technology.

Neul aims to unify the fragmented world of Machine-to-Machine (M2M) communications with the world's first white space radio system and a new, open M2M communications standard, re-defining wireless data communications. Neul will shortly launch the new standard called "Weightless".

Neul said white space wireless technology will enable a range of services and applications, from the predicted 50 billion connected Machine-to-Machine (M2M) devices, through smart metering to local broadband delivery, transportation and personal health devices.

Neul Chief Executive James Collier said, "This investment will allow Neul to further expand its leadership position in fully compliant white space wireless systems. It is a real pleasure to be working with one of the leading investors in wireless technology in Europe, DFJ Esprit."http://www.neul.com/