SPARK Microsystems gets CDN$7.1m funding
Author: EIS Release Date: Apr 12, 2022
SPARK Microsystems, the Montreal UWB specialist, has received CDN$7.1 million (US$5.6 million) in funding from Sustainable Development Technology Canada (SDTC).
Proceeds will be used to drive the development and commercialization of SPARK’s low power, low latency, high data rate wireless UWB transceivers for mobile applications across IoT sensing, gaming, audio, AR/VR/XR and metaverse-enabling technologies.
SPARK claims that it’s UWB technology delivers 10X more data throughput, 60X lower latency, and 40X lower power consumption than Bluetooth/BLE.
These performance attributes are essential for enabling the next generation of wireless connected mobile devices optimized for extreme energy efficiency, driving a significant reduction in battery usage and replacement that ultimately reduces landfill waste, CO2 emissions and other toxic environmental contamination.
“The accelerating proliferation of IoT sensors and personal connected devices requires a new approach to wireless connectivity that maximizes energy efficiency and reduces environmental impact, while simultaneously providing a huge leap forward in throughput and latency performance,” says SPARK CEO Fares Mubarak.