Socowave secures €3m Series A round led by Balderton Capital

Socowave, which developes advanced wireless access systems for mobile communications, has secured a €3 million Series A round led by Balderton Capital. The funding will enable the Dublin-based company to accelerate the development of its technology, which is said to substantially increase “the data handling capacity of cellular radio infrastructure whilst reducing the energy consumption.” Barry Maloney, Partner at Balderton Capital, will join Socowave’s board.

Socowave’s Active Antenna System technology allows “a cellular base station to detect the direction of incoming signals from user groups and to actively optimise the radio link using digital techniques.” This is said to increase wireless data handling capacity “five-fold”, while reducing energy consumption of the base station system by 50%.

Joe Moore, founder and Chief Executive of Socowave, comments: “This funding from Balderton Capital provides Socowave with resources to accelerate the development of our Active Antenna System technology platform, delivering a new class of radio access platform for 3G, LTE and 4G cellular networks.”

Socowave is headquartered in NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin and its R&D centre is located in the National Software Centre, Cork. The company is supported by Enterprise Ireland.