OAKLAND, California : Silicon Valley 5G chip startup EdgeQ Inc said on Wednesday it raised $75 million to help fund a ramp up in production as the company starts selling its technology to customers, including telecom operators.It also announced that Lattice Semiconductor Corp CEO Jim Anderson is joining E
OAKLAND, California : Silicon Valley 5G chip startup EdgeQ Inc said on Wednesday it raised $75 million to help fund a ramp up in production as the company starts selling its technology to customers, including telecom operators.
EdgeQ makes semiconductors that power base stations for 5G telecom towers and for 5G access points that can be installed inside places like factories to run robots and autonomous vehicles wirelessly, said Vinay Ravuri, CEO and co-founder of EdgeQ. The chips can also handle 4G cellular signals, he said.
The fundraising shows that companies viewed as promising by investors are able to secure financing even though funding has dried up for many startups following the collapse of Silicon Valley Bank and the ensuing banking sector turmoil in March.
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