Capital to launch first products into mass production and develop additional solutions
Greensboro, NC – Guerrilla RF has announced the closing of a $500,000 funding round led by Charlotte Angel Fund. Also participating were Piedmont Angel Network and a growing list of individual angel investors.
“The strong customer interest we have seen for our products has resulted in more than six design wins in the past several months, and we are excited to already be in a position requiring mass production on our first solutions,” says Ryan Pratt, founder and CEO at Guerrilla RF. “This latest round of funding allows us to do just that and develop additional world-class products for the wireless network infrastructure market.”
According to Research and Markets, the overall wireless network infrastructure market will see tremendous growth over the coming years. Growing at a compound annual growth rate of over 5 percent, the market will account for over $104 billion in annual spending by the end of 2020.