Peraso to Commercialize mmWave Technology

Toronto, October 5, 2009 - Peraso Technologies, Inc. a fabless semiconductor company focused on the development of multi-gigabit mmwave transceivers, today announced that it has secured $10 million (CDN) in Series A funding. The investment group is comprised of leading Canadian VC’s, including Celtic House Venture Partners, iNovia Capital and VentureLink Funds. The financing will be used to develop and commercialize mmwave integrated circuits (ICs).

The complete press release can be found here.

Celtic House Venture Partners and VentureLink Funds also issued press releases regarding the financing.

Peraso is a fabless semiconductor company focused on the development of mmwave single-chip transceivers. Our 60 GHz transceivers, compliant with emerging 60 GHz standards in the mobile consumer electronics market, are characterized by low power consumption, small footprint and optimal system implementation.