University of Southampton spin-out AccelerComm has closed £21.5m in Series B funding from Parkwalk, Swisscom and Hostplus.

AccelerComm is helping lay the foundations for the next generation of faster, more reliable wireless communications.

The investment includes participation from existing investors IQ Capital, Bloc Ventures and IP Group and will be used to continue to expand the current team, drive US and global expansion.

Founded by Professor Rob Maunder at the University of Southampton in 2016, AccelerComm has established itself as a leader in the field of channel coding, also known as forward error correction, and is already working with Vodafone, Intel, AMD and National Instruments.

Driven by a leadership team comprising executives and senior talent from ARM, Qualcomm and Ericsson, the company has won multiple awards including winning a Global Mobile Award at MWC Barcelona in 2022.

Tom Cronk, CEO of AccelerComm, said: “From LEO satellite to terrestrial 5G deployments, the challenges of how to maximise the performance of the network, and in particular efficient use of energy and radio spectrum, are universal.

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“Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications.

“We’re delighted to receive this backing from a range of industry-leading investors combined with the continued backing of our existing shareholders and look forward to the company’s continued rapid growth and innovative development.”

AccelerComm’s award-winning 5G channel coding IP is used to correct mobile transmission errors caused by noise, interference and poor signal strength.

John Pearson, investment director at Parkwalk, said: “We are delighted to support AccelerComm’s latest funding round, helping this UK-based company scale up and deliver exceptional connectivity to people and businesses around the world.

“This level of funding will help the company realise its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology. We look forward to seeing this unique and promising company take its operations to new heights.”

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Pär Lange, partner at Swisscom Ventures, said: “With our investment in Accelercomm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems. Its unique innovations around L1 channel coding for high performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G.”