AccelerComm, a provider of 5G satellite communications technology, has raised $15 million in funding and appointed David Helfgott as CEO. The funding, led by IP Group, will enhance their next-generation wireless communications mission with a focus on innovative IP solutions that ensure ultra-high performance and error resilience for satellite-based networks. The funds will support the development of AccelerComm's range of products, from signal processing components to AI-driven services, positioning the company for growth in a satellite communications market projected to be worth $100 billion within the next decade.
"AccelerComm has one of the world's leading technologies for fast and efficient communications in the nascent low-earth orbit satellite market."
"The new capital will be used to further develop and accelerate deployments of its 5G satellite communications products that enable direct-to-device communications."
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