Montreal-based startup LATYS has secured $3 million in seed funding from Rhapsody Venture Partners and existing investor TandemLaunch Ventures. The funds will be used to support the production and commercial launch of LATYS’ first-generation product, a drop-in antenna that extends wireless signals without interference. The company’s technology utilizes a metasurface to repeat signals, which enables a more than 4x increase in throughput in existing router networks. LATYS’ metasurface antennas have the potential to find broad adoption in industries such as 5G, IoT, Wi-Fi, and Industry 4.0.
Unlike traditional mesh networks and router extenders, the LATYS antenna optimizes bandwidth delivery for any signal, from sub-7 GHz to mmWave 5G. The device uses off-the-shelf components and reduces network energy usage by more than 8x. The company’s CEO, Paul Tornatta, calls the technology “Intelligent Spatial Multiplexing” and states that it “puts the energy in the network where it needs to be.”
Bernard Lupien, General Partner at Rhapsody Venture Partners, says that the LATYS antenna “took a completely different approach” to existing solutions and that they “are thrilled to partner with the LATYS team as they redefine wireless networks.” TandemLaunch, a technology start-up incubator, also expressed their support for the LATYS team and their development.