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Singapore-based tech startup Transcelestial Technologies is entering the Philippine market with a $ 2 million investment it obtained from a venture capital fund led by Ayala.
In a statement Friday, Transcelestial said it aims to work with Philippine telecommunications companies to provide a solution to the industry’s huge challenge of installing cell sites.
The technology company will offer its proprietary device, CENTAURI, a shoebox-sized device weighing less than 3 kilograms capable of delivering fiber-like speeds to customers at a fraction of the cost of traditional fiber.
Transcelestial said CENTAURI is a mass-produced network device that leverages the company’s proprietary wireless laser communication technology to create a wireless distribution network between buildings, traditional cell towers, street-level poles, and other physical infrastructure.
The device unlocks high fiber-equivalent bandwidth between the 4G / 5G mobile phone towers and the central telecommunications network that connects back to their data centers, he said.
Through CENTAURI, there are no delays caused by right-of-way issues, and the built-in automatic alignment technology makes deployment happen in minutes, according to the technology company.
Local telcos will also be relieved of additional spectrum charges and digging costs for fiber cable run, resulting in faster 5G rollout with reduced total cost and time.
Transcelestial obtained funding of $ 2 million from the Ayala Corporation Technology Innovation Venture (ACTIVE) Fund.
ACTIVE Fund is a $ 180 million venture capital fund to support startups seeking innovations in key technology areas in data and analytics, machine learning, artificial intelligence, cloud computing, fintech, automation, real estate, retail, transportation, energy, water, health and wellness. , and food.
The fund also takes advantage of the participation of the subsidiaries of the conglomerate Ayala, namely AC Energy, AC Industrials, AC Ventures, BPI and Globe Telecom.
ACTIVE Fund is being managed by Globe’s wholly owned unit, Kickstart Ventures.
“The Kickstart team has fully aligned itself with our goals of solving the last mile and global bottlenecks in Internet distribution. We could not have asked for a better partner to help us not only work with Globe in the Philippines, but also advise us on how to bring our current and future products to solve some of the challenges in the archipelago nation, ”said Rohit Jha, CEO. by Transcelestial.
“We are proud to publicly share an ACTIVE Fund investment for the first time, especially as it addresses the improvement of Internet distribution, an issue of great relevance to Filipinos. As more Filipinos become dependent on internet access for their livelihoods and social connections, we are hopeful that Transcelestial will help increase internet penetration and provide telcos and ISPs with an affordable option for 5G deployment. ” said Minette Navarrete, president of Kickstart Ventures. —LBG, GMA News
