Newlans, Inc. Receives $5 Million From Verizon Ventures.
A technology innovator in RF solutions, Newlans has recently announced that it has managed to secure an additional $5 million financial investment from Verizon Ventures to complete its Series B seeding round, amount up to $20 million.
The initial $15 million closing during February had included existing investors Paladin Capital and Lockheed Martin, as well as two new strategic partners. The Funding will be utilized to accelerate the development and commercialization of Newlans programmable Duplexers, targeting the front-end radio frequency modules for 4G LTE mobile devices cells.
“This new funding is a significant milestone in realizing Newlans’ game changing vision for RF Front End solutions. The adoption of our Programmable Duplexer will reduce cost and time to market while vastly expanding the number of bands supported by 4G LTE mobile devices. It will also support the ever increasing demand for multi-band Carrier Aggregation,” said Divi Gupta, COO, Newlans. “We will use this funding to accelerate product commercialization, build-out our engineering and manufacturing team and engage early adoption partners and customers.”
With the proflific expansion of LTE bands and worldwide adoption of Carrier Aggregation, multiband, multi-mode mobile devices have started to become increasingly difficult to design cost effectively. Since the inception of mobile devices, the area between the antenna and transceiver has changes little with regards to architecture, while there have been substantial digital integration. Newlans has developed a breathough technology that shall change the way future front ends of mobile devices are implemented.
“Verizon was the first wireless provider to build a national 4G LTE network and now operates the largest and most advanced one in the nation,” said John Doherty, Senior Vice President of Corporate Development at Verizon. “Verizon is excited to invest in the next generation RF technologies for mobile devices. We look forward to supporting Newlans and seeing it realize its potential.”