SANTA CLARA, Calif.--(BUSINESS WIRE)--Cohere Technologies, a pioneer in wireless connectivity, today announced $35 million investment in Series C funding led by Telstra along with existing investors New Enterprise Associates (NEA), Lightspeed Ventures, and new investors Macquarie Capital and AME Cloud Ventures. The investment will fund scaling of the company to bring its new modulation, Orthogonal Time Frequency and Space (OTFS™), to market in response for the growing demands for higher capacity and coverage in wireless networks.
“We are excited to be starting this new relationship with Cohere and the opportunity to benefit from their new OTFS modulation,” said Mike Wright, Telstra Group Managing Director Networks.
“In the coming months we will be commencing a number of trials to test these capabilities and how they can be integrated into the Telstra network. We already have strong backhaul and access networks and anticipate that by working with Cohere we can improve this further as we move into a highly connected future and a 5G world.”
Cohere Technologies has developed OTFS, a patented new modulation that promises to address the most critical issues facing wireless communications today – Capacity, Coverage and Cost. This new modulation has applications for wireless backhaul, fixed wireless access and the future of 5G. This technology will position Cohere Technologies to revolutionize outdoor and indoor wireless communications.
“We are pleased to announce the addition of Telstra, and the combined support of our existing and new investors,” said Shlomo Rakib, President, CEO and co-founder of Cohere Technologies. “This funding enables us to move OTFS closer to the market and begin working with strategic groups on enabling this technology in next generation wireless specifications and solutions.”
About Cohere Technologies
Established in 2011, Cohere Technologies has been working at solving the most pressing problems in wireless communications. Based in Santa Clara, California, Cohere has developed groundbreaking technology to unlock the full potential of the wireless channel, ushering in a new future of unprecedented capacity. More information about Cohere Technologies is available at www.cohere-technologies.com.
Telstra is Australia’s leading telecommunications and information services company, offering a full range of communications services and competing in all telecommunications markets.
OTFS is a trademark of Cohere Technologies. All other trade names referenced are the service marks, trademarks or registered trademarks of their respective companies.