Scottish National Investment Bank backing boosts rising tech star

Wireless communications experts pureLiFi will target a global rollout of their game-changing technology after securing £10 million in backing from the Scottish National Investment Bank.

The Edinburgh-based company uses light to transmit data rather than conventional radio frequency systems such as WiFi and 5G.

By harnessing the light spectrum, LiFi is able to provide more reliable wireless communications with unparalleled security.

Left to right: Jimmy Williamson, Executive Director of the Scottish National Investment Bank and CEO of pureLiFi, Alistair Banham (Photo – Chris Watt Web – www.chriswatt.com Mobile – 07887554193 Instagram – @chriswattphotography. Image courtesy clearance of 3×1 PR)

This investment is in line with the Bank’s mission to invest in innovation and the industries of the future, by creating high value-added jobs in world-class companies.

pureLiFi CEO Alistair Banham said, “The Bank’s investment will help us realize our vision of connecting everyone and everything with LiFi.

“We introduced our technology to the world from Scotland and it’s important for us to grow our business and ecosystem from here.

“Our vision is for Scotland to be a recognized center of excellence for LiFi. In the future, customers around the world will come to us for our innovative technology and take advantage of the wider photonics ecosystem that already exists here. in Scotland.

The Bank’s investment will enable pureLiFi to further develop new technologies while opening up new markets in areas such as cell phones, tablets, wearables and other connected devices.

LiFi is complementary to WiFi technology, delivering transformationally enhanced performance. Additionally, when Wi-Fi and LiFi work together, users of both technologies experience greatly improved connectivity because LiFi also improves Wi-Fi.

The number of connected devices in an average home has more than doubled in the past two years. As more and more devices connect to struggling home Wi-Fi networks, bandwidth is divided, interference increases, and response times slow down for everyone.

LiFi solves the biggest challenges facing today’s wireless communication technologies by reducing congestion, improving security and connection quality

Jimmy Williamson, Executive Director of the Scottish National Investment Bank, said: “The Bank’s investment will support pureLiFi as they seek to expand their operations, enabling them to bring innovative technology to the global market.

“By supporting them, the Bank is also investing in highly skilled research and development jobs in Scotland and supporting pureLiFi’s vision to create a center of LiFi excellence.

“We are excited to provide them with the growth capital that will help them reach the next stage of their development.”

Using light spectrum means LiFi can provide more efficient connectivity with global requirements compared to traditional methods.