In a significant boost to next-generation connectivity solutions, deeptech startup Velmenni has secured $3.3 million in fresh funding to accelerate the development and commercialization of its light-based wireless communication technology, commonly referred to as Li-Fi (Light Fidelity). The funding round underscores growing investor confidence in alternatives to traditional radio frequency-based systems such as Wi-Fi, especially as global data consumption continues to surge.
A New Paradigm in Wireless Communication
Velmenni’s core proposition revolves around using visible light spectrum—typically from LED sources—to transmit data at high speeds. Unlike Wi-Fi, which relies on radio waves, L
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