5G wireless infrastructure startup EdgeQ revealed a USD 75 million Series B funding round Wednesday. The company will put toward the development of its next-generation chip technology as enterprise interest in 5G and private wireless gains momentum.
The applications for 5G are expanding. The Santa, Clara, Calif.-based startup is led by former Broadcom, Intel and Qualcomm executives including Ravuri, who left Qualcomm as vice president of product management in 2018 to create EdgeQ.
The firm also revealed the appointment of Lattice Semiconductor CEO and president, Jim Anderson, to EdgeQ’s board of directors.
EdgeQ says it plans to use the funding to ramp production of its 5G 'Base Station-on-a-Chip', to meet customer demand, and to develop its next-generation chip.