Scottish LiFi company pureLiFi announced that it has completed a US$18 million in its Series B fundraise. 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.
(Image: pureLiFi)
pureLiFi announced the move from LiFi systems to components at Mobile World Congress in February when the company demonstrated new Gigabit LiFi integrated into a laptop. Since then it has been working with device manufacturers to have LiFi designed into commercial laptops, tablets and mobile devices. Recently pureLiFi announced its collaboration with Getac, a manufacturer of rugged tablets and PC’s. pureLiFi also worked with telecommunications company O2 Telefonica, lighting companies Zumtobel and Wipro.
“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,” siad pureLiFi CEO Alistair Banham.
LiFi enables the transfer of the internet through light without the use of radio frequencies used by other technologies such as Wi-Fi and Cellular. By using the light, spectrum LiFi can unleash faster, more reliable and more secure wireless data communication.
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