The $2.8 million funding is composed of a combination of equity and debt.
Guerrilla expects to employ 20 total associates by year-end. It has 30 chips in production and has raised $7.8 million in funding.
“Coming out of an exciting year, we see even larger opportunities ahead of us,” says Guerrilla CEO, and founder Ryan Pratt, “it is clear that we need to expand our facilities and team to capitalize on the amount of additional business that we have in front of us. This Series D funding round will give us the capital to do exactly that, as well as fuelling our working capital needs and new product development pipeline.”
Guerrilla Armor, the company’s patented technology, enables greater coverage area and higher data rates for wireless networks.