CommSolid Secures Funding for its NarrowBand-IoT Product Development
CommSolid, the cellular IoT IP company, has completed its first funding round to provide leading edge ultra-low power solutions for the growing cellular IoT market. This market, often referred to as Low Power Wide Area Network (LPWAN) market, demands highly optimized and easy to integrate communication solutions for the newly defined NarrowBand-IoT standard, allowing every sensor and actuator to be directly connected to the Internet. Once integrated into customer integrated circuits (ICs), a wide range of applications for IoT end devices will become reality.
"Have you ever wondered, why we are able to fly to Mars but still have to worry if there is oncoming traffic on a winding, hilly road, or where we put our wallet or why we need to wait ages for a doctor's appointment to get initial answers on medical conditions? A smart infrastructure provides the solution based on an efficient and flexible cellular IoT technology. A technology that allows a massive number of devices, everywhere - also in rural areas, basements or tunnels - to communicate with extended coverage and with lowest power not requiring high data rates", states Dr. Matthias Weiss, Managing Director and co-founder at CommSolid. The NB-IoT technology, also known as Cat NB1, has been specifically defined by 3GPP for smart communication between devices. It provides the basis for complete new communication solutions in areas like health care, smart home, transport, logistic systems, or industrial applications.
Connecting all kinds of IoT devices to the Internet requires a communication technology that uses a worldwide available network infrastructure, that is robust and powerful in all environments, and that provides the highest security level - paired with low power consumption. "The NB-IoT standard just published by 3GPP demonstrates the industry's confidence and trust in this technology", comments Lars Melzer, Managing Director and co-founder at CommSolid. "NB-IoT depicts the intersection of 4G and 2G evolution and paves the way to enable this new market for cellular IoT solutions."
CommSolid has a team of 30 experts knowing wireless and mobile business inside out. "With more than a decade of experience in developing outstanding cellular system on chip solutions, CommSolid has one of the few teams in the world suited to master the communication challenges of the IoT market", comments Lucille Bonnet, Investment Manager at HTGF. "Without NB-IoT the promises of the Internet of Things may not be realized because these applications simply lack a suitable communication technology and infrastructure."
"Our aim is to support industrial and technological projects in Saxony", comments Markus H. Michalow, Managing Director at MBG. "The advanced experience of the CommSolid team combined with the - in already two successful startups - proven ability to meet technological challenges and to attract major semiconductor companies has increased our trust into their capabilities and our confidence into the potential of IoT solutions."
