Stockholm-based deep-tech startup TeraSi announced that it has secured 13M SEK (€1M) in a pre-seed funding round to advance its proprietary system-in-package technology.
The funding comes from Navigare Ventures, Almi Invest, Onsight Ventures, Deeptech Labs, and existing investors.
The company’s technology addresses the challenges of packaging high-frequency chips for wireless applications above 60 GHz, including the upcoming 6G communication network.
With the additional funding, TeraSi says it can also invest in manufacturing infrastructure and implement an aggressive IP strategy. It will enable the company to launch new products tailored for the test and measurement, radar and wireless markets.
“Before we can realise society’s visions of the next generation of wireless we need to build hardware to support it,” TeraSi CEO James Campion says. “We believe our technology offers the best combination of performance, compactness and volume scalability and solves the packaging and integration bottleneck above 60 GHz.”
“We’re excited to start scaling our technology and show its true potential over the coming years,” he adds.
About TeraSi
TeraSi, established in 2020, is a privately held enterprise driven by a core team of three co-founders — Campion, Adrian Torrent and Bernhard Beuerle. The company leverages academic research from the KTH Royal Institute of Technology and extensive internal R&D
CB Insights reports that the company has secured substantial funding from noteworthy investors such as STING Accelerator, Stefan Lindeberg, KTH Holding, Fredrik Posse, Per Bjorklund and others.
TeraSi showcased its latest developments in wireless technology at the recent EuCNC & 6G Summit. It presented its scalable E-band waveguide array antennas for 5G and future wireless applications.
What the investors say
Navigare Ventures Investment Manager Alex Basu praises TeraSi’s exceptional aptitude in crafting fresh RF solutions. He also foresees its pivotal role in ushering in the era of next-gen wireless technologies like 6G. “We look forward to supporting the team as they continue the long tradition of RF-technology development in Sweden,” Basu says.
“TeraSi has a great team and a truly unique technology platform that is on a path to becoming a key enabling technology for the coming 6G communication network,” says Gustav Notander, Investment Manager at Almi Invest.
He points out the substantial business opportunities and the potential to establish novel and improved services with significant societal impact. “So we are very excited about this investment,” he adds.
According to Notander, Almi Invest looks forward to actively supporting TeraSi’s journey to realise this promising potential.
Miles Kirby, CEO of Deeptech Labs, acknowledges TeraSi’s remarkable progress since the company’s participation in the Spring ’23 cohort of the Labs. According to him, this latest development represents a significant achievement in their trajectory.
“We are thrilled to support this latest funding round and look forward to working with the TeraSi team as they continue to scale their technology,” he says.
Per Kirby, this support aims to bolster further their objective of addressing challenges in high-frequency packaging and paving the way for innovative applications in uncharted domains.
Read the orginal article: https://siliconcanals.com/news/startups/terasi-nabs-1m/
