pureLiFi, the leading LiFi technology company on Tuesday announces it has completed a $18M Series B fundraise to provide LiFi components to mass-market mobile device and lighting manufacturers.
The funding round includes Temasek, an investment company headquartered in Singapore, and the Scottish Investment Bank. The investment will allow the company to further develop Gigabit LiFi components and make them available in form factors ready for mobile device integration.
The firm announced their move from LiFi systems to components at Mobile World Congress in February where they demonstrated new Gigabit LiFi integrated into a laptop. Since their announcement pureLiFi have been working with device manufacturers to have LiFi designed into commercial laptops, tablets and mobile devices. Recently pureLiFi announced its collaboration with Getac, the leading manufacturer of rugged tablets and PC’s. They have also worked with leading companies across several industries such as telecommunications company O2 Telefonica, lighting companies Zumtobel and Wipro.
Alistair Banham, CEO, pureLiFi
Device manufacturers are looking for new ways to provide devices with faster, more reliable and secure connectivity. LiFi is the natural next step in the evolution of global wireless communications and pureLiFi is leading the way to provide this technology to the market.
Professor Harald Haas, Co-founder and CSO, pureLiFi
I am absolutely delighted that we are now empowered to get the LiFi mass-market avalanche in motion!
