California-based Cohere Technologies, that has been working at resolving problems in wireless communications, has raised $35 million investment in series C funding led by Telstra along with existing investors New Enterprise Associates (NEA), Lightspeed Ventures, and new investors Macquarie Capital and AME Cloud Ventures.
The company aims to utilize the raised funds to bring its new modulation, Orthogonal Time Frequency and Space (OTFS™), to market in response for the growing demand for higher capacity and coverage in wireless networks.
Cohere Technologies has developed OTFS, a patented new modulation that promises to address the critical issues faced by wireless communications today – Capacity, Coverage and Cost. This new modulation has applications for wireless backhaul, fixed wireless access and the future of 5G.
Telstra is an Australian telecommunications and information services company, offering a wide range of communication services and competing in all telecommunications markets.
In February this year, NEA had also invested $43 million series D round in ScienceLogic, an IT monitoring platform for the Internet, with participation from others investors as well.