News: Microelectronics
7 August 2024
Guerrilla RF raises $22m in private placement with institutional investor
Guerrilla RF Inc (GRF) of Greensboro, NC, USA has closed a private placement with a single institutional investor generating gross proceeds of $22m.
Founded in 2013, Guerrilla RF develops and manufactures radio-frequency integrated circuits (RFICs) and monolithic microwave integrated circuits (MMICs) for wireless OEMs in markets including network infrastructure for 5G/4G macro and small-cell base stations, SATCOM, cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity wireless audio. The firm has a portfolio of 100+ RF and microwave devices (with 50+ new products in development). Shipments exceed shipped 200 million units.
“With this investment, I believe that Guerrilla RF has the necessary resources to drive significant growth,” says CEO & founder Ryan Pratt. “We are excited by the alignment of this investment with those of our existing shareholders.”
Guerrilla RF acquires GaN device portfolio from Gallium Semiconductor
Guerrilla RF completes $5m private placement equity financing and debt conversion
