Sofant Technologies, a prominent player in wireless technology innovation, has successfully raised £3.4 million to further develop and commercialize its industry-leading platform. The system, designed to significantly reduce the power consumption of wireless systems by over 70%, is set to transform the telecommunications landscape. This substantial financial injection came from Scottish Enterprise, emphasizing its commitment to nurturing high-potential tech developments. The influx of capital will enable Sofant to expedite the deployment of their energy-efficient solutions, which hold the promise of substantial environmental and operational benefits.
Wireless Technology, Private Equity, Telecommunications,United Kingdom, Scotland
https://www.scottish-enterprise-mediacentre.com/news/sofant-technologies-raises-gbp-3-4m-to-support-the-commercialisation-of-industry-leading-technology