pureLiFi Receives US$18 Millon Series B Funding; Alignment of Stakeholders Imminent

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4Q 2019 | IN-5667

 

Coming to LiFi

NEWS


Light-Fidelity (LiFi) technology leader pureLifi recently announced its completion of an US$18 million Series B fundraiser. The funding round includes notable investors Temasek Holdings and the Scottish Investment Bank. This raised capital will be used in pureLifi’s development of Gigabit LiFi components into form factors to be integrated to mass-market mobile devices and lighting equipment.

This fundraiser is part of the company’s strategic shift from LiFi systems to LiFi technology component manufacturing and distribution. In lieu of this, pureLifi has been in discussions with device manufacturers (of which Getac, a prominent manufacturer of ruggedized tablets and PCs, is a part) to embed LiFi-enabling components within their respective products. pureLifi has also worked with a diverse group of companies across different sectors that might stand to benefit from their innovative technology. These companies include telecommunications services provider O2 Telefonica and lighting companies Zumbotel and Wipro.

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IMPACT


Temas…

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