Guerrilla RF Inc., a leading provider of high performance radio frequency (RF) and microwave integrated circuits (ICs) for wireless applications, today announces the closing of a $2.8M Series D funding round with participation from multiple angel investors. The $2.8M funding is composed of a combination of equity and debt.
Guerrilla RF expects to employ 20 total associates by year-end. The company will be expanding their current facility, in order to accommodate this projected growth.
“Coming out of an exciting year, we see even larger opportunities ahead of us,” said Ryan Pratt, founder and CEO at Guerrilla RF. “It is clear that we need to expand our facilities and team to capitalize on the amount of additional business that we have in front of us. This Series D funding round will give us the capital to do exactly that, as well as fueling our working capital needs and new product development pipeline.”
According to Research and Markets, the overall wireless network infrastructure market will see tremendous growth over the coming years. Growing at a compound annual growth rate of over 5 percent, the market will account for over $104 billion in annual spending by the end of 2020.
About Guerrilla RF
Guerrilla RF provides high performance monolithic microwave integrated circuits (MMICs) to wireless original equipment manufacturers in multiple market segments, including enterprise/carrier-class WiFi access points, small cells, wireless backhaul, automotive and cellular repeaters. The company’s patented Guerrilla Armor™ technology enables greater coverage area and higher data rates for wireless networks. Headquartered in Greensboro, N.C., the company was founded in April 2013 by Ryan Pratt. To date it has raised $7.8 million in funding and has over 30 products shipping in production volumes. All trademarks are the property of their respective owners. For more information, please visit http://guerrilla-rf.com or follow the company on LinkedIn.