UT Spinout GenXComm Lands $20 Million in Funding to Develop Technology for Private Cellular Networks

Kimono R Pablo

GenXComm,a telecommunications startup spun out of the University of Texas at Austin, announced it has raised $20 million in funding. Motive Companies led the Series B round with participation from Rain Next-Gen Communications and existing investor BMW iVentures. The Austin-based company plans to use the funding to accelerate its product […]

GenXComm,a telecommunications startup spun out of the

University of Texas at Austin, announced it has raised $20 million in funding.

Motive

Companies led the Series B round with participation from Rain Next-Gen

Communications and existing investor BMW iVentures.

The

Austin-based company plans to use the funding to accelerate its product

development and commercial launch of its private 4G LTE and 5G network

solutions.

To

date, the company has raised more than $29 million, including $7 million in

Series A funding led by Intel Capital. Its other investors include Azure

Capital Partners, Bandgap Ventures, Capital Factory, FAM Capital Partners,

Lip-Bu Tan, UT Horizon Fund and WS Investment Co.

UT Electrical and Computer Engineering Professor

Sriram Vishwawath founded GenXComm in 2016 along with Hardik Jain and Stephen

Gartside.

The company is solving the problem of wireless networks that can’t handle a lot of traffic. GenXComm’s technology combines radiofrequency and photonics to solve the problems associated with today’s wireless connectivity infrastructure. Its mesh technology network technology breaks through the limits of conventional wireless capabilities, allowing for faster, more reliable, and more affordable networking solutions.

GenXComm’s technology optimizes communication by allowing

wireless channels to transmit and receive simultaneously – on the same

frequencies.

“Enterprise and Industrial customers worldwide are investing

in the digital transformation and full automation of business processes and

decision systems,” Jain, CTO of GenXComm

said in a news release. “GenXComm’s 4G LTE and 5G cellular mesh systems will

provide the enterprise WAN with the coverage, reliability, agility, and secure

connectivity required to make this transformation a reality.”

“The true advantage

of GenXComm is their technology’s ability to significantly reduce costs while

increasing the speed of communications and remaining inference-free,” said

Robert Istwan, chief executive officer of Motive Companies said in a news

release.

“We believe GenXComm’s solutions enable enterprises to own

and operate their own private cellular networks,” Chris Donini, Managing

Director at Raine said in a news release. “The market for private wireless

networks is exploding, and we are excited to partner with a company at the

forefront of the innovation required to service Industry 4.0.”

GenXComm’s technology gives companies and organizations the ability to evolve from enterprise Wi-Fi, cabled, or public wireless carrier solutions to their own private cellular network easily and cost-effectively.

Next Post

Entrepreneurs @ MC to Support Startup Collaboration

Manhattan College is launching “[email protected],” a program to facilitate student entrepreneurship.  Led by the O’Malley School of Business collaborating with schools across campus, the program will foster a comprehensive entrepreneurial ecosystem on campus. Students with ideas for new businesses will form teams and engage in startup workshops, connect with entrepreneur […]

Subscribe US Now