pureLiFi Secures £10 Million From The Scottish National Investment Bank
pureLiFi Secures £10 Million From The Scottish National Investment Bank
Photo credit to Chris Watt
In today’s article, pureLiFi announced an investment of £10 million from the Scottish National Investment Bank.
The investment aligns with the Bank’s mission to invest in innovation and industries of the future, creating high-value jobs in world-class businesses.
pureLiFi CEO Alistair Banham stated the following statements:
“The Bank’s investment will help us achieve our vision to connect everyone and everything with LiFi.
“We introduced our technology to the world from Scotland and it is important for us to grow our company and ecosystem from here.
“Our vision is for Scotland to be a recognised centre of excellence for LiFi. In the future customers from around the world will come to us for our innovative technology and leverage the wider photonics ecosystem that already exists here in Scotland.”
The Bank’s investment will allow pureLiFi to further develop new technologies while opening up additional markets in areas such as mobile phones, tablets, wearables and other connected devices.
LiFi solves the biggest challenges faced by current wireless communications technologies by decreasing congestion, improving security and quality of connection
Jimmy Williamson, Executive Director, at the Scottish National Investment Bank stated the following:
“The Bank’s investment will support pureLiFi as they look to scale up their operation, allowing them to take the innovative technology to the global market.
“By backing them the Bank is also investing in highly skilled research and development jobs in Scotland and endorsing pureLiFi’s vision to create a centre of excellence for LiFi.
“We are excited to provide them with the growth capital that will help them reach the next stage in their development.”
pureLiFi
pureLiFi develops technology for communication networks that integrates data and lighting utility infrastructures. It offers a LiFi-enabled device that converts the beam of lights into an electrical signal. The signal is then converted back into data. The company was founded in 2012 and is headquartered in Edinburgh.
Technologies such as WiFi, 4G and 5G use radio frequencies to transmit data, which produce large areas of radio frequency emissions that are easy to detect, intercept, and can cause overcrowding resulting in slow speeds and unreliable communications due to increased RF congestion. LiFi uses light rather than radio frequencies resulting in wireless communications that are more reliable, significantly more secure, and simpler to deploy.
The Scottish National Investment Bank
The Scottish National Investment Bank is a development investment bank, established and funded by Scottish Ministers on behalf of the people of Scotland.
Development banks seek to invest where the private sector is not providing sufficient investment to businesses or projects that support the development of a country's economy.
The Bank has been established to operate commercially and is operationally independent of the government.
The Bank was launched in November 2020 to be a development investment bank for Scotland, delivering patient, mission impact investment to the Scottish economy.
The Bank will provide patient (long-term) capital to businesses and projects throughout Scotland to support the development of a fairer, more sustainable economy.
The Bank has the ambition to not only invest its allocated public capital but to encourage additional private capital to invest alongside it, to support the delivery of the missions.
Scottish National Investment Bank plc is a public limited company incorporated and domiciled in Scotland under the Companies Act 2006 whose shares are not publicly traded. The company registration number is SC677431. The registered address is Waverley Gate, 2-4 Waterloo Place, Edinburgh EH1 3EG.
The Scottish National Investment Bank has three legal entities in its structure. The Scottish National Investment Bank plc, a holding company for the group; Scottish Investments Limited, the company through which all investments are made and Scottish Investment Services Limited, the operational services company to the group.
The Bank invests in Scottish businesses, projects and communities to deliver environmental, social and financial returns for the people of Scotland.
Investments in debt and equity are made on commercial terms based on the needs of individual projects or businesses. The Bank seeks to invest widely and diversely and approaches every opportunity on an individual basis so that the financing offered is tailored to the needs of the individual business or project seeking support.
The Bank invests in businesses based in Scotland, projects based in Scotland, or businesses seeking to move to Scotland. Typically the Bank will invest in businesses and projects seeking more than £1m in investment support (debt or equity).
All investments must deliver both commercial returns and mission impact returns that support at least one of the Bank's missions.
Li-Fi Conference 2022
The Li-Fi Conference 2022 Edition was a great success. Li Fi Tech News will very soon write articles on the topics treated at the Conference.
What is LiFi?
LiFi, also known as "Light Fidelity" is a wireless optical networking technology, which uses light-emitting diodes (LEDs) to transmit data. In 2011, professor Harald Haas made a LiFi demonstration at the TED (Technology, Entertainment, Design) Global Talk on Visible Light Communication (VLC).
VLC uses light as a medium to deliver high-speed communication like Wi-Fi and complies with the IEEE standard IEEE 802.15.7. The IEEE 802.15.7 is a high-speed, bidirectional, and fully networked wireless communication technology-based standard similar to Wi-Fi's IEEE 802.11.
How does LiFi work?
LiFi is a high speed, bidirectional, and fully networked wireless communication of data using light. LiFi constitutes of several light bulbs that form a wireless network.
When an electrical current goes through to a LED light bulb, a stream of light (photons) emits from the lamp. LED bulbs are semiconductor devices, which means that the brightness of the light flowing through them can change at extremely high speeds. The signal is sent by modulating the light at different rates. The signal can then be received by a detector that interprets the changes in light intensity (the signal) as data. Also when the LED is ON, you transmit a digital 1, and when it is OFF, you transmit a 0.
LiFi Benefits
The primary benefits of LiFi are as follows:
• Security: Provides entirely secure access. Where there is no light there is no data.
• Safety: Does not produce electromagnetic radiation and does not interfere with existing electronic systems.
• Localisation: Allows localisation due to the small coverage area of LiFi access point - localisation can be used for very precise asset tracking.
• Data density: Provides ubiquitous high-speed wireless access that offers substantially greater data density (data rate per unit area) than RF through high bandwidth reuse.
Credit to Oledcomm
LiFi Applications
LiFi can be used for so many applications and the list is increasing every year. You can read our updated list of Li-Fi applications at the following link:
Credit to pureLiFi
LiFi Systems Reviews by LiFi Tech News
OLEDCOMM LIFIMAX KIT REVIEW - ONE YEAR IN
We reviewed the LiFiMax kit produced by the leading French LiFi company Oledcomm. We bought this LiFi kit system at the end of 2020. After over a year of use, we decided to write a review of this LiFi system. We looked briefly at the profile of Oledcomm, a brief history of the LiFiMax system, the Kit box contents, some testing and performance results of this LiFi system, the customer experience and our own verdict (the good and the bad points) of the LiFiMax kit.
You can read the review on this link:
https://www.lifitn.com/blog/lifimaxreview
SIGNIFY TRULIFI 6002.1 STARTER KIT SYSTEM REVIEW
We also reviewed the Trulifi 6002.1 starter kit produced by Signify, the world leader in lighting for professionals, consumers and lighting for the Internet of Things. We got this LiFi kit system with the help of PCDSI and Signify around August 2021. In a similar fashion done with our previous review of the LiFiMax kit a few months ago, we will look briefly at the profile of Signify, a brief history of the Trulifi 6002.1 kit, the Kit box contents, some testing and performance results of this LiFi system, the customer experience and our own verdict (the good points and the bad points) of the Trulifi 6002.1 kit.
You can read the review on this link:
https://www.lifitn.com/blog/trulifi6002review
In conclusion, if you are also interested to hear more information about the OWNII Coin or enquire about LiFi devices such as the LiFiMax and Trulifi, you can contact us through our chatbot or by sending an email through our contact us form. If you enjoyed this post and would like to hear more updates about LiFi technology, subscribe to our newsletter. Don’t forget to subscribe to our social media accounts. You can also join our Telegram group about LiFi technology on this link:
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