GENXCOMM SECURES $7 MILLION SERIES A INVESTMENT ROUND LED BY INTEL CAPITAL

GlobeNewsWire: Funding to Accelerate Deployment in 5G, Densify Wi-Fi and Double Cable Uplink/Downlink Speeds

GenXComm, an Austin-based company commercializing ground-breaking technology to improve the performance and capacity of communications networks, today announced the initial closing of a $7 million Series A investment round. The funding was led by Intel Capital, with participation from existing and new investors Azure Capital Partners, Bandgap Ventures, Capital Factory, FAM Capital Partners, Lip-Bu Tan, UT Horizon Fund and WS Investment Co. The Series A round, which could have additional investors join in a secondary closing, will be used to expand the company’s R&D team focused on robust simultaneous self-interference cancellation technology, which enables full-duplex links for Cable (DOCSIS), Wi-Fi, 5G and the Internet of Things.

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Matt Hovis
STARTUP PREPS SUB-W, FULL-DUPLEX CHIP

EETimes:: GenXComm is gearing up a Series A round to fund at least two tapeouts to bring its interference-canceling technology to market. The startup believes that it will enable full-duplex links for Wi-Fi, 5G cellular, and the Internet of Things with lower power than rival Kumu Networks.

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Matt Hovis