- ThinkRF has announced that it has raised $ 5 million in additional funding to capture a significant share of the spectrum analyzer market, which is expected to reach $1.75 billion US by 2022.
- ThinkRF is a Canadian-based company founded in 2006 that specializes in software-defined spectrum analysis solutions for monitoring, detecting, and analyzing complex waveforms in wireless environments.
- The Ottawa-based company plans to strengthen its product portfolio for the 5G telecommunications and security markets.
For Jim Roche, President and CEO of ThinkRF, this funding will allow the company to continue its development, particularly with its recent collaboration with Keysight Technologies, which opens new opportunities for its products.
Canadian investment firm Wesley Clover International led the financing transaction and was joined by new private investors.
This capital will be used by ThinkRF to roll out the next phase of its business strategy, which includes expanding into key new geographic and vertical markets.
ThinkRF’s solution is based on patented, software-defined spectrum analysis technology. According to Terry Matthews, President of Wesley Clover, ThinkRF is an innovative spectral analysis company and one of the first companies to commercialize a product that supports 5G , the next generation of telecommunications standards for mobile networks and wireless.
In addition to 5G, the compact and remotely deployable ThinkRF platform can be used for security applications from signals intelligence (SIGINT), which is the interception of signals by intelligence agencies, to technical surveillance countermeasures (TSCM).