pureLiFi, a Edinburgh, UK-based light communications technology company, raised £1.5m in funding.
The round, which is still in process, valued the 2012 University of Edinburgh spin-out at over £14m, was led by London & Scottish Investment Partners (LSIP), with participation from the Scottish Investment Bank (SIB) and Old College Capital, the venture investment arm of the University of Edinburgh.
The company intends to use the funds to develop and roll-out the product roadmap and grow the marketing and sales function.
Led by Chief Science Officer Professor Haas and Chairman Professor Russel Griggs, pureLiFi offers a full wireless LiFi networking system. LiFi is a technology based on visible light communication (VLC) that provides full networking capabilities similar to WiFi but with greater spatial reuse of bandwidth.
In Q4 of 2014, the company launched Li-Flame, a LiFi network system that turns off-the-shelf light fixtures into LiFi access points that can simultaneously communicate to a plurality of users in a bi-directional way. It also consists of a battery powered LiFi mobile unit which is attached to a laptop screen and allows user roaming within a room, or indeed an entire building.
FinSMEs
19/01/2015