Arm has returned to co-lead 5G network product manufacturer Blu Wireless's latest round after previously backing the Bristol spinout in 2017.
Blu Wireless, a UK-based developer of 5G communication technologies spun out of University of Bristol, has obtained £12.7m ($16.6m) in growth funding from investors co-led by mobile chipset manufacturer Arm.
The round was also co-led by Calculus Capital, Kendall and MGL, with participation from Guinness Asset Management.
Founded in 2009, Blu Wireless supplies connectivity technology for wireless network applications that enables the operator to limit latency and instability in data speeds.
The company is currently focusing on…
