Acton Tech Firm Gets $5M Investment from Verizon

Acton tech firm Newlans this week announced it secured a $5 million investment from Verizon.

Newlans makes semiconductors for smartphones, among other products.

Below is a news release on the investment:

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Newlans, a technology innovator in RF solutions, today announced that it has raised an additional $5 million investment from  to complete its Series B financing round. Intel Capital led the round, and the initial $15 million closing in February which also included existing investors Paladin Capital and Lockheed Martin. The funding will be used to accelerate the development and commercialization of Newlans’ Programmable Duplexer, targeting front-end radio frequency modules for 4G LTE mobile devices and small cells.

“This new funding is a significant milestone in realizing Newlans’ game changing vision for RF Front End solutions. The adoption of our Programmable Duplexer will reduce cost and time to market while vastly expanding the number of bands supported by 4G LTE mobile devices.  It will also support the ever increasing demand for multi-band Carrier Aggregation,” said Divi Gupta, COO, Newlans. “We will use this funding to accelerate product commercialization, build-out our engineering and manufacturing team and engage early adoption partners and customers.”

With the prolific expansion of LTE bands and worldwide adoption of Carrier Aggregation, multiband, multi-mode mobile devices are becoming increasingly difficult to design cost effectively. Since the inception of the mobile phone, the area between the antenna and transceiver has changed little with regard to architecture, while there has been substantial digital integration. Newlans has developed breakthrough technology that will change the way future front ends of mobile devices are implemented.

“Verizon was the first wireless provider to build a national 4G LTE network, and now operates the largest and most advanced one in the nation,” said John Doherty, Senior Vice President of Corporate Development at Verizon. “Verizon is excited to invest in the next generation RF technologies for mobile devices.  We look forward to supporting Newlans and seeing it realize its potential.”