- Transcelestial Technologies has bagged a $2 million investment fund from Globe Telecom subsidiary Kickstart Ventures under the Ayala Corporation’s venture fund
- The fund is to help boost internet service in the Philippines and provide telcos with an affordable option for 5G connections
- Transcelestial is known for CENTAURI, a device that is capable of delivering fiber-like speeds to customers at an affordable cost
A Singapore startup company has entered the Philippine market in a bid to provide high-speed internet.
Singapore-based technology startup Transcelestial Technologies has bagged a $2-million investment from Globe Telecom subsidiary Kickstart Ventures under the Ayala Corporation’s venture fund. The goal of the investment is to help find solutions to the challenges of Philippine telcos in putting up cell sites.
Transcelestial developed CENTAURI, which uses its proprietary wireless laser communication technology to send data between buildings, cell towers, and other physical infrastructure. It is just a shoebox-sized device that weighs less than 3 kilos but is capable of delivering fiber-like speeds to customers at fraction of the cost of traditional fiber.
The device unlocks fiber-equivalent high bandwidth between 4G/5G cell towers and the telecom core network which connects back to their data centers. Hopefully, this will help internet services in the country and provide telcos and Internet Service Providers (ISPs) with an affordable option for 5G connections.
In a statement, Rohit Jha, CEO of Transcelestial stated how much they look forward to working with Globe telecom. They also couldn’t wait to bring their products to the rest of the nation to help ease the problems of slow internet service.
“The team at Kickstart have been fully aligned with our goals of solving the last mile and global bottlenecks in internet distribution. We could not have asked for a better partner to help us not only work with Globe in Philippines but also advise us on bringing our current and future products to solve some of the challenges in the archipelago nation,” the CEO stated.