For Immediate Release

Anokiwave Announces Completion of Series C Financing Round

New investment will fuel continued product expansion and meet growing customer demand

San Diego CA, 5 September 2017:  Anokiwave, Inc., a leader in providing highly integrated IC solutions for 5G Communications, Mobile Satellite Communications and Aerospace & Defense markets that require millimeter wave Active Antenna based solutions, today announced they have closed a Series C financing round led by new investor Gefinor Capital in conjunction with US Boston Capital Corporation and its affiliate Pear Tree Partners, and other previous investors. As part of the financing round, Mr. Chris Davis of Gefinor will join Anokiwave’s Board of Directors.

The new round of capital follows significant growth by the company since launching its first millimeter wave Active Antenna Silicon core IC family in 2015. Anokiwave’s latest financing round will drive continued growth of its world-class product leadership in the 5G, SATCOM, and A&D markets with innovative IC architectures and systems solutions. Anokiwave continues to see widespread and growing demand in its key markets from customers looking to industrialize planar Active Antennas at millimeter waves with its all silicon core ICs for commercial markets.

Chris Davis, Partner at Gefinor Capital, says “Anokiwave is the only company with a production ready suite of silicon ICs for the nascent 5G telecom market. This leading position is directly attributable to great foresight from management coupled with excellence in engineering and decades of team experience designing advanced communications antenna ICs. We at Gefinor are thrilled to support a team so uniquely positioned for rapid growth in the 5G markets and continued leadership in the SATCOM and A&D markets.”

“We are very impressed with Anokiwave’s leadership, strategy, and ability to execute in the rapidly evolving Active Antenna market,” states Bill Umphrey, US Boston managing partner. “As the first 5G network deployments are starting in 2018, the urgency heightens to make millimeter wave 5G technology commercially ready for consumers. Anokiwave is continuing to make 5G a reality by leading the market with industrialized, production ready products for millimeter wave Active Antennas. With over 10 years of experience designing core ICs for millimeter waves, they are pushing this technology into prime-time for the 5G, SATCOM, and A&D markets.”

Anokiwave has developed a family of highly integrated millimeter wave beam steering silicon ICs. Silicon offers the ability to integrate RF, digital, and analog functions on a single IC. This approach enables all of the requisite functions for the Active Antennas to be placed on the IC which then resides within the radiating element lattice of the antenna, thereby enabling low profile, low cost, low weight planar (flat) solutions.

“Anokiwave is leading the millimeter wave 5G, SATCOM, and A/D markets with our silicon core ICs for Active Antenna applications,” states Robert S. Donahue, Anokiwave CEO. “This latest funding round allows us to accelerate the introduction of our second generation of ICs, to develop the third generation of ICs, and to grow our teams worldwide to continue our leadership position in the market.”

About Anokiwave:
Anokiwave is a leading provider of highly integrated IC solutions for communications and RADAR applications that require millimeter wave Active Antenna based solutions. Anokiwave’s creative system architectures and optimal selection of semiconductor technologies solve the toughest engineering problems.

Anokiwave is based in San Diego, California and operates design centers in Phoenix, Arizona and Boston, Massachusetts. Additional information can be found at www.anokiwave.com.

Press Contact:
Amy Corman
amy.corman@anokiwave.com

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