Sofant Technologies Ltd secures $3m in an oversubscribed funding round

Edinburgh based Sofant Technologies closed an oversubscribed funding round securing $3m from EMV Capital, Kelvin Capital Ltd, Old College Capital and Scottish Investment Bank.

New chief executive for smart antennas firm Sofant | The Scotsman

Sofant, a leader in radio frequency microelectromechanical systems (RF MEMS), is building a proprietary, highly efficient radio technology platform which addresses several challenges facing wireless communication systems. It is initially targeting applications in satellite communications and 5G where its technology reduces the power consumption of electronically scanned antenna arrays by more than 70%.

Sofant CEO David Wither said, “We are very pleased to have supportive investors who understand the value of semiconductor-based hardware. This funding will be used to complete the development of our core RF technology platform. It will also support our activities with an ecosystem of corporate partners who share Sofant’s believe that RF MEMS will disrupt the market for high frequency SatCom and 5G antenna applications. It is a very exciting time for Sofant, and we look forward to working with our partners to change the way high frequency antenna systems are designed and built.”

About Sofant Technologies

www.sofant.com

Sofant Technologies is a leading-edge radio technology company based in Edinburgh. The company is applying its proprietary RF MEMS technology to develop an extremely low power, low cost platform which solves power consumption and heat problems in 5G and satellite communications antenna systems. Sofant employs a fabless semiconductor business model which enables it to leverage long established high volume, low cost production methods. This positions Sofant to offer its customers game-changing performance with guaranteed scalability and low cost.