A US-based communications startup has received $1.5m in seed backing from angel investor Bill Boyle after attending the University of Maryland’s Business and Innovation Showcase.
Astrapi Corporation, which is developing signal modulation technology, secured the funding after meeting the angel investor and Maryland alumnus during the showcase.
Based at the Mtech TAP Incubator on the Maryland campus, Astrapi has patented a spiral-based signal modulation which improves efficiency and provides new ways to transmit information. It’s initial target markets include wireless mobile providers and satellite enterprise networks owing to high-data requirements and low signal power in the sectors.
Boyle said: “I was in the fibre services industry for the last 20 years and while walking around the Cupid’s Cup showcase I noticed a telecommunications startup. Astrapi claimed their technology could transmit dramatically more information than can be currently transmitted by using a different type of wireless signal based on spirals rather than the traditional circles. I was immediately drawn in and I quickly came to the conclusion that this technology is a game changer in an area that needs one.”
