Semiconductor manufacturer IDT has joined existing backers iNovia and Roadmap to invest $20m in wireless chipset maker Peraso.
Canada-based wireless chipset producer Peraso Technologies has secured $20m in a round co-led by semiconductor manufacturer IDT and co-investment platform Roadmap Capital that also included venture capital firm iNovia Capital.
Peraso produces wireless gigabit (WiGig) semiconductor technology used in wifi-equipped consumer electronics and wireless infrastructure for outdoor devices.
The company will use the capital to expand its product range in order to meet the need for its technology in smartphones and virtual reality technology.
Sailesh Chittipeddi, chief technology officer of…
