AUSTIN, TX--(Marketwired - Jun 20, 2017) - GenXComm, an Austin-based startup commercializing ground-breaking wireless technologies, has closed a fully-subscribed round of seed financing led by FAM Capital Partners, with investments from the UT Horizon Fund and other investors. GenXComm's robust simultaneous self-interference cancellation (S-SIX) technology unleashes the full potential of the spectrum used for today's 5G mobile, Wi-Fi and cable networks by allowing channels to be stacked one next to the other with no empty spectrum between them. The benefits of this patented technology include doubling the effectiveness of the available spectrum by enabling talk while listen, and increasing network performance up to 30X for dense environments, while maintaining full backwards compatibility. Unlike previous attempts, GenXComm's patented S-SIX technology operates under harsh real-world conditions allowing its use in a stadium, between tall buildings or anywhere we decide to connect, live, work and play.
GenXComm, whose origins trace back to The University of Texas at Austin electrical engineering department, has finally solved one of the most challenging wireless communication problems -- how to achieve the full use and near 100% effectiveness of any wireless and wired spectrum. All networks today must transmit and receive in either different frequencies at the same time, or at different times on the same frequency. Moreover, multiple transmitters must be spaced apart to avoid interfering with one another. GenXComm's technology enables multiple transmitters to coexist side-by-side, enabling life without interference. GenXComm's technology, operating today in their development lab, demonstrates that wireless devices can finally evolve to their full potential. Often referred to as the "Holy Grail" in communications, GenXComm S-SIX technology enables robust full-duplex communications and full-use of the available spectrum just as carriers are planning their 5G cellular networks to cope with a flood of new wireless devices and rapidly increasing data demands on wireless networks.
"There is an immediate opportunity to dramatically enhance the user experience in key markets by leveraging GenXComm's innovative simultaneous self-interference cancellation technology," said Sriram Vishwanath, co-founder and President of GenXComm. "Consumers want to live a life without interference and at least from a technology perspective, GenXComm will allow them to do so. The limited availability of new spectrum and its effectiveness for wireless communications are key factors plaguing cellular network operators and any wireless system facing exponential growth in data usage. We are already working with market leaders across 5G and IOT markets to radically change their users' experiences with improvements in densification, throughput and security. Stated more simply, our customers now have an effective way to use all their spectrum, under real world conditions and in the most efficient way possible, to better serve their customers."
With the latest investment from the UT Horizon Fund, GenXComm has fully-subscribed its seed financing, providing the Company with capital to complete important milestones including the pursuit of key hires, expanding upon engagements with strategic partners and commercializing the technology for various applications and markets.
"GenXComm is focused on commercializing a UT-based technology with massive potential," said Nick Tulloh, Senior Investment Analyst with the UT Horizon Fund, "With the increasing adoption of IOT devices and streaming services representing an increasing portion of mobile internet traffic, data demands are outpacing network capabilities. GenXComm plans to deliver quality and capacity improvements across the whole spectrum of networked devices."
Founded in 2016, GenXComm Inc. is commercializing the world's first true full-duplex radio that operates reliably even under the toughest real-world conditions. GenXComm's technology emerged from four years of multi-disciplinary research and development efforts at The University of Texas at Austin. The Company's frequency agnostic solution doubles the usability of world's available spectrum. GenXComm is changing the way we connect, live, work and play by unleashing the full potential of world's available spectrum.
About the UT Horizon Fund
The UT Horizon Fund is the venture capital fund of the University of Texas System (UTS). UTHF has a dual purpose mission that seeks to help move novel technologies to the marketplace to impact the world while also creating a positive financial return. The fund provides capital, operational expertise, and introductions to companies that have ties to UTS member institutions and invests in companies utilizing UTS intellectual property, or companies in which UTS holds an existing equity interest. With $50 million in committed capital, UTHF strives to be a collaborative co-investor and committed long-term partner. The University of Texas System contains a wealth of talent, resources, and know-how and UTHF helps startups maximize the benefit of partnership by leveraging those strengths. For a complete list of the companies being funded, please visit: https://www.uts-innovation.com/horizon-fund/about/portfolio-companies.
About The University of Texas System
Educating students, providing care for patients, conducting groundbreaking basic, applied and clinical research, and serving the needs of Texans and the nation for more than 130 years, The University of Texas System is one of the largest public university systems in the United States. With 14 institutions and an enrollment of more than 217,000, the UT System confers more than one-third of the state's undergraduate degrees, educates almost two-thirds of the state's health care professionals annually and accounts for almost 70 percent of all research funds awarded to public institutions in Texas. The UT System has an annual operating budget of $16.9 billion (FY 2016) including $3 billion in sponsored programs funded by federal, state, local and private sources. With about 20,000 faculty -- including Nobel laureates -- and more than 70,000 health care professionals, researchers, student advisors and support staff, the UT System is one of the largest employers in the state.
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