pureLiFi, a start-up based in Edinburgh, Scotland, announced a new round of funding supporting its proprietary LiFi technology, which uses modulated LED light to provide wireless communications. The company says LiFi has the potential to be significantly faster than current WiFi.
The company, which was created in 2012 as a spin-off from the University of Edinburgh, has raised $10 million to date. Investors include Temasek, an investment company based in Singapore, and London & Scottish Investment Partners (LSIP).
Professor Russel Griggs OBE, Chairman of pureLiFi said “This funding, which exceeds what we set out to secure, gives the company the resources required to rapidly scale over the next few years. When I was asked to become Chairman, my task was to build the initial base of the company and secure the funding to take it forward into the sectors we see as the future for the business. Having delivered all that successfully now, I am delighted that we have secured Mike Hickey to take over from me as Chairman, whose international and sector experience will lead the company to even greater success.”
