The company was formed in July 2018 with the founders coming from Silicon Valley and South Korea. The company has assembled an engineering team including engineers recruited from Qualcomm, Samsung, SK Telecom and GCT Semiconductor amongst others. The team has Wi-Fi 6 chipsets in development.
The core engineering team has been involved in about 20 projects in the areas of Wi-Fi, Bluetooth, 4G cellular communications and wireless SoC chipsets. In addition, the team has experience in Wi-Fi 6 standardization and the company says it expects to be a leader in the evolution of current and future wireless technologies, including Wi-Fi 6.
The funding round – of undisclosed size – was led by the Hubei Xiaomi Yangtze River Industrial Fund and included Glory Capital.
Hubei Xiaomi Yangtze River Industry Fund (www.mi.com) was established in December 2017 and was jointly initiated by Xiaomi Group and Hubei Yangtze River Economic Belt Industry Guidance Fund. According to Senscomm, the fund is an industrial investment platform established by the Xiaomi Group to create domestic products based on domestic manufacturing and to systematically deploy China's advanced manufacturing within the next 10 years.
Wi-Fi 6 is set to provide higher speeds, longer range and lower power consumption via the application of technologies such as OFDMA, MU-MIMO, 1024 QAM and Target-Wake-up Time (TWT). This will allow Wi-Fi 6 to support such things as 4K/8K video, augmented/virtual reality (AR/VR), smartphones and laptops, as well as consumer and enterprise IoT applications and autonomous driving.
Glory Capital (www.glory-ventures.com) mainly invests in early-stage startups in the Internet of things and artificial intelligence in China and Israel. The VC has more than 40 companies in the field of artificial intelligence, Internet of things, and big data in China and Israel, involving IoT chips, sensors, big data, IoT platforms, financial technology and artificial intelligence.
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