Sofant Technologies | April 29, 2021
Sofant Technologies has finished a follow-on raise money of £740,000 in an oversubscribed top-up financing round drove by funding financial backer EMV Capital.
They raise support expands on a year ago's £2.3m pre-arrangement A round for the Edinburgh-based 5G and satellite interchanges receiving wire engineer. Cooperation in the round included key existing financial backers, including Kelvin Capital and the Scottish Investment Bank.
Reflecting solid developments throughout the year, the financing round incorporates a cost for every offer inspires of 40% in under one year since its last speculation round in July 2020.
Sofant is at present profiting from a worldwide rush of speculation to overhaul broadband satellite correspondence frameworks. The organization likewise hopes to profit by the rollout of high band 5G networks across the UK and the remainder of the world. It intends to utilize this new subsidizing to grow its group, as the organization speeds up its framework combination with satellite network administrators and other last clients.
Sofant is the UK's chief in radio recurrence microelectromechanical frameworks (RF MEMS)- based receiving wires for satellite and 5G telecoms frameworks. The organization's exclusive, profoundly proficient licensed radio technology stage furnishes the UK and Europe with a local, industry-driving technology answer for a few significant difficulties confronting remote correspondence frameworks. In satellite interchanges and 5G, its technology lessens the force utilization of electronically filtered radio wire exhibits by over 70%, with lower creation and upkeep costs contrasted with other arising arrangements.
Since the 2020 venture round, Sofant has created developing industry acknowledgment, with help from worldwide makers and development accomplices. Sofant has as of late employed a CFO to help them scale-up up business exercises inside the business.
Among Sofant's development programs are model receiving wire clusters subsidized by the European Space Agency.
EMV Capital is a funding financial backer zeroed in on B2B organizations in the healthcare, supportability, and industrials areas. EMVC's interests in UK, Israel, and the US cover a scope of advances including mechanical technology and AI, AI, materials science, IoT, progressed designing, powerful hardware, and wellbeing tech.
Sofant CEO David Wither said,
"Our designing group keeps on gaining huge headway on the development of our center technology stage. We have additionally gained incredible headway in the development of a biological system of corporate accomplices who will assume key parts in the commercialization of Sofant's problematic, low-power radio wire technology. "This top-up venture will assist the organization with finishing a few activities in front of our forthcoming arrangement A subsidizing round."
Dr. Ilian Iliev, Managing Director of EMV Capital remarked, "Since our underlying venture, we have seen the Sofant group gain fast headway in this deliberately essential technology for the UK's telecoms area."
"In the outcome of COVID-19, store network solidification and key unwavering quality have become a critical need for Western governments. Sofant is very much situated to give this local, solid accomplice in building protected, dependable, and quick network frameworks."
About Sofant Technologies
Sofant Technologies is a main edge radio technology organization situated in Edinburgh. The organization is applying its restrictive RF MEMS technology to build up a very low force, a minimal effort stage that takes care of force utilization and warmth issues in 5G and satellite interchanges radio wire frameworks. Sofant utilizes a fabless semiconductor plan of action which empowers it to use since a long time ago settled high volume, ease creation techniques. This positions Sofant to offer its clients game-changing execution with ensured adaptability and minimal effort.
About EMV Capital
EMV Capital Ltd (EMVC) is a London-put-together Honor-winning financial backer centered with respect to B2B organizations in the healthcare, maintainability, and industrials areas. EMVC's interests in UK, Israel, and the US cover a scope of advances including mechanical technology and AI, AI, materials science, IoT, progressed designing, power gadgets, and Health-Tech. EMVC's model is to build up a redid venture system for each organization, joining its network of financial backers from Family Offices, Wealth Managers, Institutional VC financial backers, and Corporate VC reserves. EMVC perceives the advantages of corporate commitment for beginning phase technology organizations, with EMVC's group having driven and organized speculations close by a portion of the world's driving enterprises. Where fitting, EMVC can help organizations quickly track their speculation preparation through its environment of counselors and specialist co-ops.
Benu Networks | December 07, 2021
Benu Networks, the company transforming the service provider network edge, today announced that their SD-Edge platform has been named by the Telecom Infra Project (TIP) to the shortlist for the multi-operator OpenBNG RFI released earlier this year.
The RFI, jointly produced by BT, Deutsche Telekom, Telecom Italia, Telefónica, and Vodafone, shortlisted those companies whose solutions met the requirements defined for a next generation Broadband Network Gateway (BNG). The selection was made after an exhaustive and detailed evaluation of the responses to the OpenBNG RFI which contained nearly 2,000 requirements across routing, BNG capabilities, and provider edge MPLS services.
“Benu is extremely proud to have our SD-Edge platform named to the shortlist for such an important initiative by this esteemed group of service providers,It is validation of our efforts to provide network edge technology so service providers can deliver innovative services, improve customer experience, and simultaneously lower total cost of ownership.”
Ajay Manuja, CEO of Benu Networks
“With global demand for bandwidth growing, our fixed networks are more critical than ever,” said Rafael Cantó Palancar, co-chair of the TIP Fixed Broadband Project Group. “Benu Networks brings valuable support and expertise in this domain, and we look forward to working with them on test and validation activities during the next phases of the project.”
The OpenBNG initiative, part of the TIP Fixed Broadband (FiBr) Project Group, is a significant example of industry consensus to taking an innovative approach to wireline network infrastructure, which underpins 100% of Internet traffic including the backhaul for 5G mobile connections.
The Benu SD-Edge platform is already broadly deployed across five continents and supports a variety of network functions including Broadband Network Gateway (BNG), Wi-Fi Access Gateway (WAG), Trusted WAG (TWAG), Secure Access Service Edge (SASE) Gateway, and 5G Access Gateway Function (AGF). As part of the TIP selection process, Benu will move into the test and validation phase in the first half of 2022.
About Benu Networks:
Benu Networks is a leading software and solutions provider, simplifying the industry’s most complex edge networks. With a comprehensive set of products and innovative solutions coupled with over a decade in the industry, Benu Networks delivers solutions to instantly transform legacy access networks, elastically manage services, and carve the path to 5G.
prnewswire | January 07, 2021
EXFO Inc , the interchanges business' test, checking and investigation specialists, and Openreach, the United Kingdom's biggest computerized foundation firm, today reported their joint effort on a significant activity to quicken Full Fiber organization, and improve the nature of assemble and experience for clients across the UK.
The venture is basic for conveying cutting edge Fiber-to-the-Premises (FTTP) organizations, which give the advanced foundation needed to work, learn and mingle. As a feature of its industry-driving Fiber First program, Openreach has focused on conveying 20 million homes passed with FTTP by the mid-to late 2020s, expecting it has the correct venture conditions. Openreach has likewise dedicated to working out this new advanced framework to 4.5 million premises before the finish of March 2021.
Following a serious delicate cycle, Openreach has granted EXFO an agreement to supply optical test heads and test access exchanging for this activity. With its cloud-based Nova Fiber arrangement, EXFO will prepare Openreach to guarantee its fabricate, along these lines quickening the program and dodging exorbitant return visits to fix association issues—extra "truck moves" more than twofold administrators testing costs.1 Following establishment, Openreach will have the option to distantly screen its fiber framework supporting the in-life activities of its Full Fiber administration.
This declaration comes as Openreach hit a record fabricate rate for its Full Fiber broadband program. Openreach engineers are presently conveying quicker, more solid availability to another 40,000 homes and organizations consistently, or what might be compared to a home at regular intervals.
Peter Bell, Director, Network Technology, Openreach: "We know that now more than ever that being connected matters. We're convinced that our new Full Fibre network can play a crucial role in keeping the nation connected. This year, our build has been gathering pace and momentum, and we're determined to match that rapid speed of deployment with the highest standards of build quality build and customer service.
EXFO will help us get there. As a long-term Openreach partner, EXFO was selected thanks to its proven ability to provide fast, automated qualification of fibre builds, and for its unique iOLM OTDR technology. We're committed to working with the best-in-class to maintain our position as the UK's leading Full Fibre builder and we're excited to lead the way as we continue to deliver high-quality network connections to homes and businesses across the UK."
Wim te Niet, Vice President, Sales – EMEA, EXFO: "Openreach is an early mover in adopting permanent fibre monitoring technology, which will eventually cover all households in the UK. Currently, the FTTH/B penetration rate in the UK stands at 18%2, and Openreach has an ambitious plan to build out Full Fibre to millions of households and businesses. We see a similar wave in other key European markets like Germany. I believe network operators across Europe will soon follow Openreach's lead to ensure first-time-right installations, reduce turn-up failures, and substantially reduce truck rolls for service calls. As for markets with high FTTH/B penetration rates, telecom operators are finding they need sophisticated automated monitoring tools to ensure superior customer experience. EXFO's innovative Nova Fiber solution gives them these abilities."
EXFO (NASDAQ: EXFO) (TSX: EXF) develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. Our customers count on us to deliver superior network performance, service reliability and subscriber insights. They count on our unique blend of equipment, software and services to accelerate digital transformations related to fibre, 4G/LTE and 5G deployments. They count on our expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. We've spent over 35 years earning this trust, and today 1,900 EXFO employees in over 25 countries work side by side with our customers in the lab, field, data center and beyond.
Openreach Limited is the UK's digital network business. We're 35,000 people, working in every community to connect homes, schools, shops, banks, hospitals, libraries, mobile phone masts, broadcasters, governments and businesses – large and small – to the world. Our mission is to build the best possible network, with the highest quality service, making sure that everyone in the UK can be connected. We work on behalf of more than 660 communications providers like SKY, TalkTalk, Vodafone, BT and Zen, and our broadband network is the biggest in the UK, passing more than 31.8m UK premises. Over the last decade we've invested more than £14 billion into our network and, at more than 185 million kilometres, it's now long enough to wrap around the world 4,617 times. Today we're building an even faster, more reliable and future-proof broadband network which will be the UK's digital platform for decades to come. We're making progress towards our FTTP target to reach 20m premises by mid-to late 2020s. We've also hired more than 3,000 trainee engineers this past financial year to help us build that network and deliver better service across the country. Openreach is a highly regulated, wholly owned, and independently governed unit of the BT Group. More than 90 per cent of our revenues come from services that are regulated by Ofcom and any company can access our products under equivalent prices, terms and conditions. For the year ended 31 March 2020, we reported revenue of £5bn.