IDT bets on Peraso's 60GHz chips

April 29, 2016 // By Peter Clarke
WiGig chipset provider Peraso Technologies Inc. (Toronto, Ontario) has raised a $20 million Series D funding round co-led by chip company Integrated Device Technology Inc.

This brings the amount raised by the company to more than $57 million. The round was co-led by IDT and existing investor Roadmap Capital with additional financing from iNovia Capital.

Peraso is already shipping WiGig chips for consumer electronics and for 60GHz wireless infrastructure. The latest investment will be used to increase the company's capacity to address market opportunities in smart phones and virtual reality.

"Peraso has demonstrated interoperability with a variety of available WiGig products which are based on either Intel or Qualcomm chips; this is an achievement which is essential to create a robust WiGig ecosystem. Additionally, Peraso is the only company offering a WiGig USB stick solution for legacy devices – something which is necessary for backward compatibility of existing WiFi equipment," said Imed Zine, principal at Roadmap.

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