Phasor Raises $16M in Latest Equity Funding Round
Phasor announced it has raised $16 million from a group of satellite communications mobility companies, financial investors and shareholders. Several corporate and strategic investors participated in this round, Phasor stated, as well as two large family offices and an investment fund, together with existing shareholders.
This B-Round funding, which closed this summer, allows Phasor to advance commercialization of its first Electronically Steered Antenna (ESA) products, and to further develop next-generation technologies for commercial passenger vehicles and the satellite operators and mobile network services providers who serve them.
Phasor’s low profile ESA is solid-state, with no moving parts, so satellite signals are tracked electronically. The ESA can be flat or conformal in design and can be fitted to moving vehicles, including an aircraft fuselage, a cruise ship or a high-speed train. According to Phasor, the same technology is well suited to support traditional fixed satellite networks, High Throughput Satellites (HTS), and Non-Geosynchronous Orbit (NGSO) satellite networks. Moreover, the antenna’s modular architecture allows the system to be scaled to virtually any use-case requirement, fixed or mobile.