Southampton-based startup AccelerComm has secured €13.1 million in funding to accelerate deployments of their 5G satellite communications products.
The funding round was led by IP Group and supported by other investors including IQ Capital and Swisscom Ventures' digital transformation fund.
AccelerComm's technology aims to enhance mobile coverage through 5G enabled satellites, with recent innovations attracting interest from global mobile operators and satellite networks.
The company's CEO highlighted the importance of their technology in providing best in class 5G services from space, with ongoing implementations with key partners like Lockheed Martin.