In-Q-Tel, an US based Not-for-profit VC firm had also joined in a previously undisclosed round. Notably, In-Q-Tel invests in high-tech companies to keep the Central Intelligence Agency, and other U.S-based intelligence agencies, equipped with the latest in information technology in support of United States intelligence capability.
In an announcement on Thursday, Transcelestial said that the latest funding will place wireless laser communications (lasercomms) widely in the hands of five key markets in Southeast and India, supported by its Singapore-based Terabit Factory.
The use of funds will also enable Transcelestial to expand early market access to the US to address the urgent digital divide in broadband.
Transcelestial has a flagship network device called CENTAURI, which leverages the startup's proprietary Wireless Laser Communication Technology to create a wireless distribution network between buildings, traditional cell towers, street-level poles and other physical infrastructure.
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| CENTAURI |
The device is the size of a shoe-box, weighing less than 3kg and capable of delivering true fibre-like internet speeds at fraction of the cost of traditional fibre.
There are two versions of devices available - 1 Gbps Full Duplex (4G & Enterprise ready) and 10 Gbps Full Duplex (5G-ready).
Transcelestial was founded in 2016, by Rohit Jha and Mohammad Danish, Transcelestial has raised US$24M to date with backing in previous rounds from major investors such as Wavemaker Partners, EDBI, Airbus Ventures, Kickstart Ventures, Cap Vista, SEEDS Capital (Enterprise SG), Entrepreneur First, Partech Ventures, 500 Global, AirTree Ventures, Tekton Ventures, SGInnovate, SparkLabs Global Ventures, Michael Seibel (CEO of Y-Combinator, Founder of Twitch.tv), Charles Songhurst (Microsoft’s former Head of Corporate Strategy) and others.
There are two versions of devices available - 1 Gbps Full Duplex (4G & Enterprise ready) and 10 Gbps Full Duplex (5G-ready).
Transcelestial was founded in 2016, by Rohit Jha and Mohammad Danish, Transcelestial has raised US$24M to date with backing in previous rounds from major investors such as Wavemaker Partners, EDBI, Airbus Ventures, Kickstart Ventures, Cap Vista, SEEDS Capital (Enterprise SG), Entrepreneur First, Partech Ventures, 500 Global, AirTree Ventures, Tekton Ventures, SGInnovate, SparkLabs Global Ventures, Michael Seibel (CEO of Y-Combinator, Founder of Twitch.tv), Charles Songhurst (Microsoft’s former Head of Corporate Strategy) and others.
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| Team Transcelestial |
Rohit Jha, CEO and Co-Founder of Transcelestial, said, "Fast and affordable internet can be a matter of livelihood. We’ve transformed this for entire groups of people across some of Asia’s most dense urban and island environments. A great case study in 2022 was the urgent connectivity to a group of islands in Malaysia we provided, which allowed for dozens of villages downstream to livestream the FIFA World Cup, and use it also for education, healthcare and financial transformation! Now, more than ever, we see a similar urgency to respond to the digital divide in the US, especially for broadband. "
Last year in November, Transcelestial proved that it is possible to deliver 5G connectivity wirelessly using laser technology at a 10Gbps capacity. The technology showcase took place at a new demonstration site at the University of Technology Sydney (UTS Tech Lab).
All Images – transcelestial.com
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