Smart antenna firm secures £1.8m investment
A tech firm developing new antenna technology has secured investment worth £1.8m.
Edinburgh-based Sofant Technologies received the funding from EMV Capital and its existing investor base in a round which was led by Kelvin Capital.
Founded in, the firm is a spin-out from the University of Edinburgh and produces the technology for use in the SatCom and emerging millimetre wave 5G market.
Its firm’s patented tech is built to be low cost and highly scalable, reducing power by as much as 70 per cent.
Following the funding, Dr. Ilian Iliev, MD of EMV Capital will join the firm’s board.
“Sofant sits at the intersection of the industrial data and connectivity revolution that is under way,” said Iliev.
“In the future, transportation, industrial infrastructure, automated manufacturing will all require seamless low latency data connectivity. David and his team are developing an elegant and scalable approach that will be applicable to several telecom systems.”
Based in Edinburgh, the firm plans to use this funding to complete the commercialization of its antenna product with a high volume commercial foundry, and expand its industry partnerships.
David Wither, CEO of Sofant Technologies added: "We are very pleased to have EMV Capital on board and for their help in securing the capital that Sofant needed to finalize the commercialization of our leading-edge RF MEMS technology.
“Ilian and his team bring a great corporate and investor network, and experience in working with scale-ups. They are pragmatic and results oriented.”