Peraso to Commercialize mmWave Technology
TORONTO, Oct. 7 /CNW/ - VentureLink LP, manager of the VentureLink Group of labour-sponsored investment funds, today announced an initial investment of $666,667 in Peraso Technologies, Inc. a fabless semiconductor company focused on the development of multi-gigabit mm-wave transceivers. The financing will be used to develop and commercialize mm-wave integrated circuits.
VentureLink Brighter Future Fund Inc, Celtic House Venture Partners and iNovia Capital are providing $10 million to be funded in tranches.
"We are looking forward to working with the Peraso team as they develop industry leading 60GHz mobile transceivers for use in a broad range of applications including wireless networks and high bandwidth point to point connections," states Jim Whitaker, Managing Partner, VentureLink LP.
With over $250 million under management, VentureLink Funds is a diverse group of labour-sponsored funds ("LSIF"). VentureLink Funds give investors access to well-diversified portfolios of established companies operating in traditional industries such as financial, manufacturing and service industries as well as dynamic industries like alternative energy.
The company maintains a strong relationship with CI Financial Inc., who performs client services and client account administration for the Funds. For more information, please visit: www.venturelinkfunds.com.
About VentureLink Brighter Future Fund
VentureLink Brighter Future Fund's investment objective is to achieve long-term capital appreciation by making primarily equity investments in a diversified portfolio of securities of eligible businesses involved in energy, water and waste management, telecommunications, biotechnology and information technology.
About Peraso Technologies Inc.
Peraso is a fabless semiconductor company focused on the development of mm-wave, single-chip transceivers. Peraso's 60GHz transceivers, compliant with emerging 60GHz standards in the mobile consumer electronics market, are characterized by low power consumption, small footprint and optimal system implementation. For more information, please visit: www.perasotech.com.
SOURCE VENTURELINK LP
For further information: For further information: Jim Whitaker, Managing Partner, VentureLink LP, Tel: (416) 681-6370