Austin-based startup GenXComm, which creates technology to boost wireless and wired communication networks, said Tuesday that it has raised $7 million to expand operations and add staff members.
The funding, led by Intel’s investment branch, is GenXComm’s second significant round of investment since researchers at the University of Texas launched the company in 2016.
“We are building an Austin-based company that is going to have a fundamental impact on communication systems 5G and beyond,” GenXComm co-founder and CEO Sriram Vishwanath said. “Communication is all around us, and to be able to impact it in a fundamental way is (important). To build something of this magnitude takes resources and the right partners.”
GenXComm is in the process of commercializing technology that the company said will significantly aid the effectiveness and availability of wireless spectrum for communication networks such as WiFi and television cable, as well as newer networks such as 5G. GenXComm said the technology does this by blocking or reducing interference to the networks. The point is to allow networks to transmit larger amounts of data more efficiently.
5G refers to 5th generation mobile networks, technology that is still in the development stage.
GenXComm launched after a four-year research project at UT. The company, which has about 21 staff members, raised $1.5 million earlier this year from Bellevue, Washington-based FAM Capital Partners. With the new funding, Vishwanath said he plans to expand his staff to more than 30 people during the next six months.
Vishwanath, who still works as a professor at UT’s engineering school, said the company is focusing on identifying potential partners to bring the technology to consumers. He said GenXComm has talked with several leading wireless and wired companies. He declined to name them because no deals have yet been reached.
“Full duplex technology has the potential to have a tremendous impact in a number of areas that are important to Intel, including Wi-Fi, Broadband Access, and 5G,” Dan Artusi, vice president of Intel’s connected home division, said in a written statement. “Given the large increases in the amount of data moving across different networks, technologies such as those pioneered by GenXComm will become increasingly important in the future.”
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