WUPATEC announced the closing of a €3 million financing with IRDI Soridec, Aquiti Gestion and InnoEnergy.
Founded in 2016 and located in Limoges, France, Wupatec has developed unique IPs to significantly decrease the power consumption of RF front-end. With the ever increasing need for broadband data (LTE/5G handset, LTE/5G eMBB, Public Safety Network, etc.), the power hungry and narrowband radio front-end amplifier is a major roadblock to finally unleash all of the benefits of true software-defined radio (SDR) and the deployment of 5G networks with his large massive MIMO Antenna System.
Wupatec unique architecture of its envelope tracking (ET) modulator, coupled with mainstream GaN Process delivers an ultra-compact and cost effective solution, with outstanding performances, a major breakthrough not uncounted in RF front-end in the past two decades. Moreover, the uniqueness of ET implementation enable broadband amplifiers, needed to support inter-bands carriers aggregation, corner stone of 5G.
Already selected by key OEMs in the wireless market, WUPATEC is in advanced discussion with OEMs covering broad range of applications: cellphone RFE, eMBB/ MIMO, LMR, SATCOM, Milcomm, Public Safety, etc.
The company intends to use the new funds to further develop its existing products portfolio and expand its customer base.
Stéphane Dellier, CEO, Wupatec, said: "With IRDI, Aquiti Gestion and InnoEnergy we found professionals who understand and share Wupatec's vision to bring to the market a disruptive technology, with real potential to displace legacy technology in the RF front-end amplification. An experienced R&D and industry team backed by visionary investors and trusted by our fast growing customer base, this is a recipe for success."
Mathieu Goudot, investment director, IRDI Soridec, said: "We are pleased to support Wupatec in bringing to market a technology that meets the challenges of energy consumption in wireless network, driven by the explosion in demand for mobile data. Combining unique skills and patented technology, an extensive network and international recognition, Stéphane Dellier and his team have all the assets to become a key player in this booming market."
Nicolas Delaunay, investment director, AQUITI Gestion, said: "AQUITI Gestion is proud to participate in this significant transaction for Wupatec. We were particularly attracted by the development of know-how in the Nouvelle-Aquitaine region, the quality of the management team to deploy a new technology for managing the electrical consumption of telecommunications equipment, growth ambitions and the dynamism of the founding managers and teams are all factors that won us over.”