Singapore’s Whizpace raises $1m for China expansion

Photo by Larry Teo on Unsplash

Singapore-based wireless communications startup Whizpace announced that it has raised 6 million yuan (about $1 million) to finance the expansion of its subsidiary in China.

According to the announcement seen by Business Times, the subsidiary, Whizpace (Suzhou), secured 3 million yuan from a Chinese angel investor and another 3 million yuan from a Suzhou government grant.

Founded in 2016, Whizpace specialises in white-space communications specifically on TV white space, or the vacant frequencies between broadcast TV channels. The firm uses this white space to provide what it terms as super wi-fi.

The wireless connection it provides can reach very long distance and penetrate through obstacles, the company said on its website. Whizpace is a spinoff from Singapore’s national research organisation A*STAR.

Whizpace said TV white space (TVWS) is capable of transmitting data over longer distance of up to 10 kilometres, while wi-fi only works up to 50-100 meters. It also does not require perfect line-of-sight, while wi-fi needs clear sight over long distance transmission.

“Our wireless solutions can reach long distances of up to 10km and penetrate through obstacles. These distinct features make previously challenging applications finally possible,” the startup said.

TVWS technology has various applications such as smart grid,
agriculture technology, industry 4.0, rural internet, secured private network, video surveillance, Wi-Fi/3G/4G range extension, and maritime communication. The latest area of application is in the world of Internet-of-Things (IoT).

The fundraising for its China subsidiary is separate from Whizpace’s ongoing fundraising, which targets up to $2.2 million to finance its product development, among others. The funding round is expected to close in the first quarter of next year.

The startup’s founder and CEO, Oh Ser Wah, co-chairs the Singapore White Spaces Pilot Group with Microsoft and StarHub. He was also involved in the TVWS trials with IMDA and FCC, which has contributed to the respective TVWS regulations. Additionally, Oh is the co-founder of Network Genetics, a geo-location database startup.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.