According to various sources the Scottish company PureLiFi has raised another £1.5m GBP from investors including London & Scottish Investment Partners, Scottish Investment Bank and Old College Capital and Edinburgh University’s venture investment arm. This means the company, that was founded in 2012, is now valued at £14m. The company are riding the current wave of hype surrounding the Internet of Things (IoT). LiFi, although still very much in its infancy, is seen as a credible future alternative to WiFi. Last year, PureLifi launched and shipped the world’s first LiFi network – Li-Flame – to industry customers. Their co-founder and chief science officer Harald Haas said: “LiFi is increasingly viewed as a transformative technology that can change the way we use the mobile internet as part of future 5G cellular networks and at the same time be an enabler of the emerging ­Internet of Things.” We previously wrote a more in-depth article about Lifi here […]