Transcelestial Technologies bags US$ 2M in funding

Singapore-based last-mile internet connectivity startup Transcelestial Technologies has announced in February 2021 that it has bagged US$ 2M in strategic funding from Kickstart Ventures. Other round participants include AC Energy, AC Industrials, AC Ventures, BPI, and Kickstart Venture’s parent company Globe Telecom.

Mohammad Danesh and Rohit Jha founded Transcelestial Technologies in December 2016. The startup claims to have been building a space laser network to provide advancement in internet connectivity globally. It has made Centauri, a mass-produced network device that utilises its proprietary wireless laser communication technology to create a wireless distribution network between buildings, cell towers, street-level poles and other physical infrastructure. Its size is equivalent to that of a shoe-box, weighs less than 3kg, and can supply fibre-like speeds to users. This solution can be deployed quickly, relatively inexpensive, and can be used in highly populated residential areas that require bandwidth upgrades. Two versions of the device are currently available: 1 Gbps Full Duplex (4G & enterprise-ready) and 10 Gbps Full Duplex (5G-ready). Higher bandwidth capabilities will be built and available for order soon. For telcos, the Centauri solution delivers fibre-equivalent high bandwidth amid 4G/5G cell towers and the telecom core network, which connects back to their data centres. No delays are caused by right of way issues with the device, and the in-built automatic alignment technology makes the deployment happen in no time. Additionally, there are no spectrum charges and no further digging costs for laying the fibre cables. Hence, one can attain 5G revenues faster by rolling out a transmission network with a lesser total cost and time of possession than fibre. Also, the Centauri technology enables internet service providers to evade the high fibre optics prices and create their wireless laser rings and network between their customers’ buildings and infrastructure to provide low-latency and high-speed distribution to homes and offices.

Previously, Transcelestial had secured US$ 9.6M in a Series A funding round, co-led by EDBI and Wavemaker Partners, in July 2020. Other investors include Airbus Ventures, Cap Vista, SEEDS Capital (Enterprise SG), Entrepreneur First, Partech Ventures, 500 Startups, AirTree Ventures, Tekton Ventures, SGInnovate, SparkLabs Global Ventures, Michael Seibel (CEO of Y-Combinator, Founder of Twitch.tv), and Charles Songhurst (Microsoft’s ex-Head of Corporate Strategy). In 2018, the startup had raised US$ 1.8M in a seed funding round.

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