EdgeQ secures $75M to support demand for 5G and AI Base Station-on-a-Chip tech
EdgeQ, a provider of 5G hardware platforms, has picked up $75 million in a Series B investment. The investment will support EdgeQ in addressing the growing customer need for its 5G and AI combined Base Station-on-a-Chip technology and developing a next-generation chipset.
EdgeQ received the CTO Choice Award at the Mobile World Congress 2023 for its silicon innovation that integrates 4G, 5G and computing capabilities.
The funding round included investment from the Phaistos Investment Fund, Strategic Development Fund, Yaletown and ClearSky. EdgeQ also appointed Jim Anderson, the CEO and president of Lattice Semiconductor, to its Board of Directors.
“Particularly in the 5G wireless space, EdgeQ possesses the rare blend of ability and aptitude to execute on a compelling vision that will profoundly reshape how the industry conceives and consumes 5G,” says Jim Anderson, CEO and president of Lattice Semiconductor.
EdgeQ created a software-defined 5G Base Station-on-a-Chip technology that utilizes Arm and RISC-V, an open standard instruction set architecture. The company says the technology will help operators and cloud service providers build, configure and deploy public and private networks.
According to EdgeQ, they are the only provider offering a combination of multi-mode 4G and 5G and a production-grade physical layer for O-RAN distributed units and small cells.
Many industries, such as industrial automation, autonomous vehicles and manufacturing plants, increasingly demand 5G connectivity to support digital transformation. EdgeQ says its wireless infrastructure solution allows enterprises to improve performance through software customizations, which enables effective scaling.
“It is really exciting to see a rich mix of institutional and strategic investors validate the mission and spirit of EdgeQ. We are here to motivate new and existing players, innovating to deploy private 5G networks and O-RAN networks in simplistic, affordable terms,” says Vinay Ravuri, CEO and co-founder of EdgeQ.
EdgeQ and MaxLinear also collaborated to develop an advanced small cell solution for edge computing applications. EdgeQ provided a small cell platform that could enhance performance up to 50% more than the current infrastructure. The objective was to assist in the shift from 4G to 5G.
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5G | base station | chip | EdgeQ | Lattice Semiconductor | RAN | wireless