News Briefs

HaiLa Technologies lands $10.35m round, Japan’s Murata invests

Founded in 2019, HaiLa is developing low-power multi-protocol (like Wi-Fi) radio communication for IoT devices.

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  • The round was backed by a new strategic investor, Japan’s Murata Electronics
  • Existing investors, including Stanford University, Mika, Ecofuel Fund, Chrysalix Ventures and TandemLaunch, also participated
  • The funds raised will help drive R&D, allow the team to grow, and be used to bring HaiLa’s ultra low-power system-on-chip solutions to market

HaiLa Technologies, a Montreal-based fabless semiconductor and software company developing power-efficient radio communications solutions, has raised $10.35 million in financing.

The round was backed by a new strategic investor, Japan’s Murata Electronics, as well as existing investors, including Stanford University, Mika, Ecofuel Fund, Chrysalix Ventures and TandemLaunch.

Founded in 2019, HaiLa is developing low-power multi-protocol (like Wi-Fi) radio communication for IoT devices. It is focusing on scaling IoT sustainably by using complementary methods to the way data is received and transmitted, removing the need for battery maintenance, and leveraging existing wireless infrastructures.

Customers and partners are in the smart home and building automation space, along with consumer electronics, mobile, industrial, transportation, medical and agriculture markets.

The funds raised will help drive R&D, allow the team to grow, and be used to bring HaiLa’s ultra low-power system-on-chip solutions to market.

“We are really pleased to have the support of Murata Electronics, a global leader in wireless technology and semiconductors, in conjunction with our supporting investors,” said Derek Kuhn, CEO of HaiLa, in a statement. “HaiLa and Murata share common sustainability goals. Our collective mission is to drive down power consumption in connected IoT sensing devices and work towards a level of power-efficiency that reduces the overall battery requirement. This new strategic partnership combined with the new funding is a testament that the industry and investment communities recognize the importance of HaiLa’s objectives.”