Edinburgh-based radio technology specialist, Sofant Technologies, has secured £4.2 million following a successful funding round.
Led by EMV Capital, the investment round saw additional support pledged by Scottish Enterprise, Kelvin Capital, the Future Fund and NetScientific.
The radio technology firm said it will use the investment to build a satellite communications terminal which targets mobile applications during the first half of 2023.
Commercial sales are expected to begin later in the year.
Sofant Technologies is building a proprietary radio platform that addresses some of the most difficult challenges facing future wireless communication systems.
While Sofant primarily targets the satellite communications and 5G telecoms space, it has also demonstrated the relevance of its technology to national security applications.
The Edinburgh firm recently secured a contract with a Fortune Global 500 defence company to support the development of a next-generation tactical communication system.
David Wither, CEO of Sofant Technologies, added: “We are very pleased to have investors who understand the disruptive nature of Sofant’s technology. When Sofant closed the previous funding round we told our investors we would demonstrate our core technology, which occurred in June of 2022.
“Sofant will use the proceeds from this investment round to build a satellite communications terminal which targets mobile applications, with commercial sales expected to begin later in the year.”
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During the past year, Sofant has doubled the size of its team and achieved several significant technical and commercial milestones which have cleared the pathway to market.
Dr Ilian Iliev, CEO of NetScientific and Sofant Board member, said: “We are delighted with Sofant’s tremendous progress in their development roadmap.
“They continue to make a key contribution to the UK’s space tech and telecoms sectors by developing a key component for increased resilience and energy efficiency in SatComs and other telecommunications systems.
“We also congratulate Sofant on their first commercial agreement with a leading defence contractor, as global awareness of the critical importance of communications to national security increases.
“We expect Sofant to play a significant role in future communication systems and are very pleased that its value is already recognised by industry leaders.”
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