Peraso Technologies is a Toronto-based semiconductor company specializing in the development of single-chip millimeter-wave (mmwave) transceivers that accelerate the delivery of content to portable devices, such as BlackBerry Smartphones, iPhones and other smartphones.
The company’s transceivers are compatible with emerging 60 GHz standards which enable data transmission rates 10 times faster than those currently available. The 60 GHz band had previously been used for communication between satellites in space. The transceivers are characterized by their high performance, small footprint and low power consumption.
OCE invested $90,000 in the firm’s early development, through its Market Readiness and First Job programs. That investment in innovation paid off when it came time to raise capital - the company successfully secured $10 million in follow-on investment from a group of leading Canadian and U.S. venture capital firms.
Recently, Peraso Technologies secured a further $8 million in follow-on investment from existing and new investors and was recognized in the Branham300 list Top 25 ICT Up and Comers.
“OCE’s financial support, through the Market Readiness program, was invaluable in helping Peraso develop the hard market facts necessary to support our business plan and build credibility among investors.” —Ronald Glibbery, President and CEO, Peraso Technologies
Return on Innovation
- Created 12 new jobs
- Plans to add an additional 20 staff
OCE©2010 Last updated 01/2012