PHYTunes, a Palo Alto CA-based 5G at the Edge and wireless-wireline convergence company, raised $1.5M in Seed funding.
The round was led by Draper University Ventures, Quake Capital with participation from PHYTunes Chairman John Cioffi and Deutsche Telekom’s hub:raum.
The company intends to use the funds to accelerate growth and expand operations.
Led by John Cioffi, PHYTunes PHYTunes utilizes existing wireline infrastructure to transport high-frequency wireless signals over existing telephone lines, fiber-optic cables, ethernet wires, and coaxial cables to deliver 5G speeds without degradation or latency within the home, small business or enterprise, empowering telecom carriers and businesses to deliver improved customer experiences fostering brand loyalty and trust. The company helps industrial enterprises improve productivity and security enabling IoT solutions and the digital transformation of their business in gaming, healthcare, hospitality, industrial IoT and retail.
FinSMEs
04/10/2021