Nujira Ltd has recently closed a new round of funding, raising $20 million (£12.2M) to support the production ramp of its Envelope Tracking Coolteq chips. Envelope Tracking is expected to become a standard component in 4G smartphones and tablets and Nujira is currently engaged with all major smartphone chipset vendors and expects its Coolteq ET chips to be designed into 4G smartphones in 2014.
Najura CEO stated that they are already working on the next three generations of our ET chips. They have got good traction with some world-leading customers and have a compelling product roadmap. “The new investment will be important in helping us execute our aggressive growth plans, as we look to take advantage of our position as the leading authority on ET.” Said Tim Haynes, CEO of Najura.
To support its product development roadmap Nujira will shortly be opening a new design center in Santa Clara, California. Adding to Nujira’s world-class design team in the UK, the new design center will focus on the development of next generation ET ICs. It will also provide a base for local applications and operations support to US-based customers and partners.
Brian Modoff, Senior Technology Analyst, Deutsche Bank US commented: "The rapid rollout of higher data rate 4G networks worldwide across multiple frequency bands is driving up complexity, and hence value, in the RF front end, and the market is forecast to grow to $12 billion by 2018. Envelope Tracking is a fundamental technology which will play a key part in transforming the supply chain, enabling and accelerating the transition to all-CMOS RF front ends - a transition in which Nujira is playing a leading role."
Each of the existing angels and major investors participated in the round including Amadeus Capital Partners, Climate Change Capital,Environmental Technologies Fund, SAM Private Equity and NES Partners. In addition, Investec Bank introduced new investors to the Company including GAM (on behalf of its GAM Star Technology strategy) and Investec as well as other institutional and high net worth clients.
