Peraso Raises $42 Million for WiGig Integrated Chip Solution

  Toronto-based fabless semiconductor company Peraso Technologies develops wireless network chips based on the Wi-Fi Alliance's wireless Gigabit (WiGig) standard. The company announced on the 20th that it has raised $42 million in financing under the joint leadership of two strategic investors and existing partner Roadmap Capital. According to Crunchbase, the company received $20 million in Series C financing nearly three years ago and raised Peraso's total financing to $79.3 million.

Peraso is currently working on several projects, including the WiGig transceiver integrated chip solution for the fixed wireless market, which is expected to reach 8 million users in the United States by 2021. The company's products use a short-range 60 GHz wireless spectrum, and Peraso believes that the band is much less congested than the 5 GHz band that most consumer devices operate. The company claims that its flagship W-series chips are faster than 7 Gbps, about 10 times faster than traditional Wi-Fi networks.