Airvine, headquartered in Santa Clara, CA, has announced the completion of its Series A funding round, raising $6.2 million in capital investment.
The funding was spearheaded by Crosslink Capital, reflecting a strong vote of confidence in Airvine’s innovative approach to indoor connectivity solutions.
With this injection of capital, Airvine aims to bolster its ongoing product development initiatives and expand its sales team to further penetrate the market.
Airvine specializes in the development of intelligent broadband wireless backhaul solutions tailored for enterprise environments. At the heart of its offerings is a groundbreaking indoor 60 GHz wireless system, boasting multi-gigabit-per-second data transfer rates, all achieved without the complexity typically associated with legacy solutions.
Central to Airvine’s technological prowess are its patented RF innovations, which extend the range and amplify the strength of wireless signals. This breakthrough allows for seamless penetration of walls and navigation around obstacles within the 60 GHz band, previously unattainable.
The flagship product, WaveTunnel, is a compact module designed to be mounted on ceilings or walls, delivering high-speed connectivity essential for a diverse range of enterprise applications. Whether catering to IT (Information Technology) or OT (Operational Technology) needs, WaveTunnel systems promise to bridge the broadband gap prevalent in many large interior spaces. They achieve this by extending LAN reach or enhancing the performance of outdated 1 Gb/s Ethernet CAT 5/6 cables. Following its successful development phase, the WaveTunnel system is now readily available, with volume shipments commencing in the fourth quarter of 2023.
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By Proptechbuzz
By Ravi Kumar
