Peraso Technologies, led by President and CEO Bill McLean, is a Toronto-based fabless semiconductor company focused on mmWave technology and WiGig® 60 GHz chipsets compliant with IEEE 802.11ad. The company raised an additional $42M in financing to support growth. The round was co-led by two strategic investors alongside existing investor Roadmap Capital. Peraso plans to use the funds to increase sales in fixed wireless access and wireless networking. The article notes OEMs see the 5 GHz band as increasingly congested, and that the 60 GHz band offers wireless ISPs uncongested spectrum at competitive price points. Peraso Technologies develops wireless gigabit (60 GHz) chipsets and solutions compliant with the IEEE 802.11ad specification. Its core products target next-generation WiFi opportunities in consumer electronics and outdoor 60 GHz wireless infrastructure. The company is addressing markets including smartphones and virtual reality (VR). Peraso is a fabless semiconductor firm based in Toronto, ON, Canada. Ron Glibbery serves as President and CEO. The company plans to scale capacity to meet customer interest across its targeted market opportunities. Peraso Technologies is a Toronto, Canada-based fabless semiconductor company that develops 60 GHz chipsets and solutions compliant with the IEEE 802.11ad specification. The company is led by President and CEO Ron Glibbery. Its core product line targets the 60 GHz band adopted for interoperability certification by the WiFi Alliance under the WiGig brand. Peraso closed a $20M funding round to advance its technology. The company intends to use the funds to bring its technology into production and to support sales and marketing activities. The article notes industry endorsement of WiGig by firms such as Samsung, Qualcomm and Intel.

Total raised

$82M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2019