Guerrilla RF, a startup that supplies low-noise amplifiers for cellular base stations and small cells, said on Wednesday that it had raised $3.8 million in financing. The financial refuel comes with more than 50 products based its massive microwave integrated circuits shipping in production volumes.
“This year is off to a very fast start for us,” said Ryan Pratt, co-founder and chief executive of Guerrilla RF, in a statement. “With multiple customer production ramps underway, it was clear we needed additional working capital.” He added: “Based on the revenue growth we see, we believe we’re in striking distance of profitability for the first time.”
The Greensboro, North Carolina-based company, which was founded after Pratt stepped down as an engineering director for Skyworks Solutions, has raised $11.6 million over the last five years. The company's investors include Bill Pratt, one of the founders of RF Micro Devices, which merged with Triquint Semiconductor to form Qorvo.
