GenXComm wants to make private wireless more affordable by reducing the need for fiber backhaul. (GenXComm)
Spectrum is the resource carriers spend billions to acquire and billions more to deploy, so clearly there is value in using it efficiently. Several companies have patented technologies to increase spectral efficiency, and one of them recently raised a $20 million Series B round with the goal of hiring new talent to develop its private wireless business. GenXComm is a technology startup created from research conducted at the University of Texas at Austin. Investors including Intel Capital, BMWi Ventures and Motive Communications are backing the company as it markets its solutions to carriers, with a particular focus on helping them deploy private networks. “We are able to do backhaul and access in the same frequency”, explained GenXComm co-founder and CTO Hardik Jain. “It is especially important for private cellular.”
Jain explained enterprises deploying private networks cannot afford to lay fiber to support all their backhaul needs. He said they save time and money by installing gateways near their existing fiber access points, and using GenXComm mesh nodes to fill in coverage gaps. “It is similar to how we deploy Wi-Fi now,” said Jain, adding Wi-Fi mesh networks make sense because they can use both 2.4 GHz and 5 GHz spectrum, separating access from backhaul. Most private cellular networks use just one spectrum band, but Jain said GenXComm mesh nodes make sense for these networks because one band can serve two purposes. The company uses photonics and other technologies to achieve interference cancellation, enabling one wireless channel to transmit and receive simultaneously. Jain said most of GenXComm’s current customer engagements involve industrial use cases like warehouses, ports, factories, chemical plants and refineries. Down the road, he sees cars as potential hotspots or even as mesh nodes. And investor BMWi Ventures appears to be on board with the idea. GenXComm’s hardware supports multiple spectrum bands, including CBRS . Jain said the startup has developed its own core network product and can use both Federated Wireless' and Google’s Spectrum Access Systems . GenXComm is one of several companies working on technologies that can help carriers get more bang for their buck when it comes to spectrum. Kumu Networks is also working on interference cancellation technologies, and its target markets are cellular, Wi-Fi, cable and the military . A different approach comes from Cohere Technologies, which uses software to solve the spectral efficiency challenge. Its Delay Doppler technology estimates and predicts channels, delivering what Cohere calls a Spectrum Multiplier solution that is hardware agnostic. Cohere CEO Ray Dolan has highlighted the opportunity in 5G industrial automation, suggesting he also sees opportunity in private wireless. Read more on

Spectrum saving startup targets private wireless

US-based telecom startup GenXComm secures US$ 20M in Series B funding
By
GenXComm, a US-based telecommunications startup solving the issue of wireless networks which are unable to deal with heavy traffic, has raised US$ 20 million in a Series B funding round led by Motive Companies on 9 September 2021. Investors: The latest investment round featured Motive Companies as the lead investor with participation from The Raine Group and existing investor BMW i Ventures. The startup has managed to raise, in total, US$ 29 million to date. Purpose of the funding: The startup seeks to deploy the proceeds from the latest investment round towards increasing the pace of its further product development and introducing a private 5G network and 4G LTE solutions. About GenXComm
Brought to existence in 2016 by Hardik Jain and Sriram Vishwanath, GenXComm amalgamates photonics and radiofrequency to address the challenges of the current scenario of wireless connectivity infrastructure. Its core meshing technology aims to disrupt the boundaries of traditional signal processing technologies and microelectronics to provide rapid, authentic and economical networking solutions. The company’s tech allows it to link end-user gadgets to the central network with greater efficiency and without installing supplementary fibre nodes. It envisages offering a strong network with better connectivity and on-demand offerings to businesses and industry 4.0 users across the world. What the Founder has to say: “Businesses operating across different geographies are financing the complete automation and digital transformation of business decision systems and functions. GenXComm’s 5G and 4G LTE mobile mesh systems would offer the firm WAN with the flexibility, reliability, coverage, and safe connectivity necessary to make this modification apparent.”- Hardik Jain, Co-Founder and CTO of GenXComm. What the Investors have to say: “GenXComm’s owes its actual supremacy to the high potential of its tech to dramatically minimize expenses while improving the rate of communications and the residual inference-free.” Robert Istwan, CEO of Motive Companies. “We have strong trust in GenXComm’s leadership team and services, 
businesses to run and own their mobile networks. The personal wireless networks market has a huge scope for growth. It is exhilarating to join hands with an enterprise which is leading the innovation essential to revolutionizing the service domain 4.0.”- Chris Donini, Managing Director at The Raine Group. For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website:  Venture Capital Market Intelligence Reports | VCBay . We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

US-based telecom startup GenXComm secures US$ 20M in Series B funding

SiliconHills
September 11, 2021 by lalorek
GenXComm, a telecommunications startup spun out of theUniversity of Texas at Austin, announced it has raised $20 million in funding. MotiveCompanies led the Series B round with participation from Rain Next-GenCommunications and existing investor BMW iVentures. TheAustin-based company plans to use the funding to accelerate its product
development and commercial launch of its private 4G LTE and 5G networksolutions. Todate, the company has raised more than $29 million, including $7 million inSeries A funding led by Intel Capital. Its other investors include AzureCapital Partners, Bandgap Ventures, Capital Factory, FAM Capital Partners,Lip-Bu Tan, UT Horizon Fund and WS Investment Co.
UT Electrical and Computer Engineering ProfessorSriram Vishwawath founded GenXComm in 2016 along with Hardik Jain and StephenGartside. The company is solving the problem of wireless networks that can’t handle a lot of traffic. GenXComm’s technology combines radiofrequency and photonics to solve the problems associated with today’s wireless connectivity infrastructure. Its mesh technology network technology breaks through the limits of conventional wireless capabilities, allowing for faster, more reliable, and more affordable networking solutions. GenXComm’s technology optimizes communication by allowingwireless channels to transmit and receive simultaneously – on the samefrequencies. “Enterprise and Industrial customers worldwide are investingin the digital transformation and full automation of business processes anddecision systems,” Jain, CTO of GenXCommsaid in a news release. “GenXComm’s 4G LTE and 5G cellular mesh systems willprovide the enterprise WAN with the coverage, reliability, agility, and secureconnectivity required to make this transformation a reality.”
“The true advantageof GenXComm is their technology’s ability to significantly reduce costs whileincreasing the speed of communications and remaining inference-free,” saidRobert Istwan, chief executive officer of Motive Companies said in a newsrelease. “We believe GenXComm’s solutions enable enterprises to ownand operate their own private cellular networks,” Chris Donini, ManagingDirector at Raine said in a news release. “The market for private wirelessnetworks is exploding, and we are excited to partner with a company at theforefront of the innovation required to service Industry 4.0.”
GenXComm’s technology gives companies and organizations the ability to evolve from enterprise Wi-Fi, cabled, or public wireless carrier solutions to their own private cellular network easily and cost-effectively. Share this:

UT Spinout GenXComm Lands $20 Million in Funding to Develop Technology for Private Cellular Networks

Innovative Network-as-a-Service platform delivers cost effective, high performance private 4G LTE and 5G wireless networks
GenXComm, an early leader in private networking solutions, today announced a $20 million Series B funding round led by Motive Companies, with participation from Raine Next-Gen Communications and existing investor BMW iVentures. With the Series B raise, Motive and Raine join an existing investor base that includes Intel Capital, Azure Capital, and Bandgap Ventures, amongst others. The new funding will be used to accelerate the company’s product development and commercial launch of their private 4G LTE and 5G network solutions, playing a critical role in ushering in the Fourth Industrial Revolution. Built on the pioneering research of Dr. Sriram Vishwanath and Hardik Jain at the University of Texas, GenXComm is the first company in the world to combine radio frequency and photonics to solve the problems associated with today’s wireless connectivity infrastructure. The company’s innovative wireless interference cancellation and mesh network technology breaks through the limits of conventional wireless capabilities, allowing for faster, more reliable, and more affordable networking solutions. GenXComm’s unique technology optimizes communication by allowing wireless channels to transmit and receive simultaneously – on the same frequencies. GenXComm’s technology can be used to build bandwidth-efficient, secure, interference-free, and cost effective mobile networks to deliver robust connectivity. These networks can deliver robust connectivity and provide vastly more coverage than conventional WiFi, at a fraction of the total cost of ownership. GenXComm’s solution can be deployed for enterprise and industrial customers as a turnkey, private LTE 4G and 5G mesh network that can operate in a variety of spectrum bands, including CBRS. “Enterprise and Industrial customers worldwide are investing in the digital transformation and full automation of business processes and decision systems,” said Hardik Jain, CTO of GenXComm. “GenXComm’s 4G LTE and 5G cellular mesh systems will provide the enterprise WAN with the coverage, reliability, agility, and secure connectivity required to make this transformation a reality.”
Automating traditional manufacturing and industrial processes — what is known as Industry 4.0 or The Fourth Industrial Revolution — requires high performance, secure networks to enable communication and data transfer between machines and applications. GenXComm built its end-to-end, private cellular Network-as-a-Service (NaaS) platform to meet the emerging needs of enterprise and Industry 4.0 customers by providing high performance systems with full turnkey deployment and lifecycle support and with a lower total cost of ownership. “I am thrilled to partner with GenXComm. This investment supports the development of 5G technologies, but also paves the way for smart cities, faster downloads, self-driving cars, and countless other innovations,” said Robert Istwan, chief executive officer of Motive Companies. He continued, “The true advantage of GenXComm is their technology’s ability to significantly reduce costs while increasing the speed of communications and remaining inference-free. I’m proud to offer this superior and innovative 5G infrastructure solution to our existing and future customer base.”
“We believe GenXComm’s solutions enable enterprises to own and operate their own private cellular networks,” said Chris Donini, Managing Director at Raine. “The market for private wireless networks is exploding, and we are excited to partner with a company at the forefront of the innovation required to service Industry 4.0.”
GenXComm’s technology gives companies and organizations the ability to evolve from enterprise Wi-Fi, cabled, or public wireless carrier solutions to their own private cellular network easily and cost effectively. Deploying reliable and secure wireless coverage in hard to reach locations is also becoming increasingly important for State and Federal agencies, an area where GenXComm has had early program leadership, as well as industrial and manufacturing environments, transportation and distribution centers, utilities, agriculture, civic design, healthcare, and large venues and temporary pop-up events and festivals. Write in to  psen@itechseries.com to learn more about our exclusive editorial packages and programs.

GenXComm Announces $20 Million Series B Funding

GenXComm , an Austin TX-based provider of private networking solutions, raised $20M in Series B funding. The round was led by Motive Companies, with participation from Raine Next-Gen Communications, BMW iVentures, Intel Capital, Azure Capital and Bandgap Ventures. The company intends to use the funds to accelerate product development and commercial launch of their private 4G LTE and 5G network solutions. CO-founded by Dr. Sriram Vishwanath and Hardik Jain, GenXComm provides a Network-as-a-Service platform that delivers private 4G LTE and 5G wireless networks by combining radio frequency and photonics to solve the problems associated with wireless connectivity infrastructure. Built on the pioneering research of Dr. Sriram Vishwanath and Hardik Jain at the University of Texas, the technology optimizes communication by allowing wireless channels to transmit and receive simultaneously – on the same frequencies. The technology can be used to build bandwidth-efficient, secure, interference-free, and cost effective mobile networks to deliver connectivity and provide more coverage than conventional WiFi. GenXComm’s solution can be deployed for enterprise and industrial customers as a turnkey, private LTE 4G and 5G mesh network that can operate in a variety of spectrum bands, including CBRS. It can be used in State and Federal agencies, as well as industrial and manufacturing environments, transportation and distribution centers, utilities, agriculture, civic design, healthcare, and large venues and temporary pop-up events and festivals. FinSMEs
10/09/2021

GenXComm Raises $20M in Series B Funding

GenXComm

Accordion Health

DisrupTexas

Alcatel-Lucent

Draker

Xilinx

Silvus Communication Systems

Exemplar Logic

Logic Modeling

Texas Instruments

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

Series A

Series B

Unattributed VC

GenXComm is commercializing a self-interference cancellation solution that will enable true "full-duplex" communication devices and provide a combination of speed, range, cost, and security.

Wells Fargo Success Story

3M Success Story

Platform Overview

GenXComm

Discover the right solution for your team