Guerrilla RF, a leading manufacturer of high-performance monolithic microwave integrated circuits (MMICs), has announced that it has raised an additional $4.4 million after closing its recent private placement offering.
Founded in 2013, Guerrilla RF is a leading supplier of MMICs that target wireless infrastructure applications, including 5G and automotive. The Company has a well-established revenue stream with 2020 sales totaling $8.09 Million. Despite the disruption caused by COVID-19, Guerrilla RF has continued to thrive, with sales increasing by 990% over the past three years. The Company has repeatedly been included in Inc. Magazine’s annual Inc. 5000 list. Guerrilla RF recently made the top Inc. 500 list for the second year in a row, coming in at No. 421 and 489 for the 2020 and 2021 rankings, respectively.
“We are excited and encouraged by the enthusiasm investors are showing in our team and potential,” noted Ryan Pratt, founder, and CEO. “This additional capital will allow us to further accelerate our growth and expand our product offerings.”
Guerrilla RF is currently expanding its research and development operations to a new 50,000 square foot facility in Greensboro, North Carolina. The new location will provide the Company with room to expand operations and substantially increase its headcount over the next two years.
Guerrilla RF has an extensive portfolio of over 95 high-performance radio frequency (RF) and microwave semiconductor devices. The existing product line includes ultra-low noise amplifiers, gain blocks, driver amplifiers, mixers, RF switches, and linear PAs (power amplifiers) – the critical building blocks for mission-critical, performance-driven wireless applications, including 5G Wireless Infrastructure, Cellular Repeaters/Boosters, and Automotive Telematics.