Federated Wireless secured the return of founding investor Allied Minds for a $13.7m extension that will expand wireless communications services forged on Virginia Tech research.

Federated Wireless, a US-based provider of phone spectrum-sharing technology based on Virginia Tech research, has extended its series C round to $64.7m following a $13.7m investment by commercialisation firm Allied Minds and Pennant Investors. Both took part in the initial $51m tranche in September 2019, participating alongside Singaporean sovereign wealth fund GIC and telecoms infrastructure…

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