May 18, 2015

See All Homes of the Day The Charlotte Angel Fund and the Piedmont Angel Network also participated in the funding, along with several other individual investors. Ryan Pratt said the $2 million is crucial for the company’s growth in the semiconductor industry, where expensive specialized tools and lab equipment are needed for product development. "The company really is not generating revenue yet because we are new; it takes years to really begin generating revenue in the semiconductor business," Pratt said. At the moment, Guerrilla RF is “burning cash because we don’t have revenue coming in; this cash buys us a lot more time before we begin taking in revenue," he said. He said the money will allow Guerrilla RF to begin manufacturing several products this summer. The company plans to begin production in July on a low-noise amplifier used in bay stations and cell towers. Production on a low-noise amplifier for WiFi access points will start later in the summer. Production will be carried out in Taiwan, and packaging will take place in either Malaysia or the Philippines Pratt said the company's last round of funding for $500,000 put Guerrilla RF in position to manufacture a couple of products this summer, but the $2 million means "now we can take easily 10 more products into mass production.” Target markets for Guerrilla RF's technology include infrastructure equipment manufacturers such as Ericsson and Cisco. Pratt added that Guerrilla RF is creating products that aren't as complicated or expensive to develop as the ones developed by larger semiconductor businesses. “We’re developing products that are single little blocks, whereas some other semiconductor companies are developing dozens of blocks put together on one chip," he said. Industries