# MILLIBEAM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/millibeam

- Industry: Telecoms
- Headquarters: Eveleigh, Australia
- Website: www.millibeam.com
- Total disclosed funding: $4.5M
- Latest round: Series A (Jul 3, 2024)
- Investors on record: 3

## About

Founded in 2020 and based in Australia, Millibeam Pty Ltd (MILLIBEAM) operates as a fabless semiconductor company that develops chipsets for 5G radios. In April 2022, Millibeam raised USD 750,000 in seed funding from new investor Main Sequence Ventures. The Founder and CEO of the company is Venkata Gutta.
MILLIBEAM provides millimetre wave technology, also known as mmWave, which is a short-range form of 5G to carry the volume of telecommunications traffic. The company uses LEFT-BEAM technology and provides 5G reception services in stadiums, airports, and crowded locations.

The company plans to use the funding for business expansion and collaboration with customers and partners.

## Funding rounds

- Series A, Jul 3, 2024, $4M — Main Sequence Ventures, Breakthrough Victoria
- Seed, Nov 17, 2021, $0.5M — Archangel Ventures, Main Sequence Ventures

## Investors

- Archangel Ventures (https://capitalatlas.ai/funds/archangel-ventures) — Seed
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Seed, Series A
- Breakthrough Victoria — Series A