Velmenni has raised a financing round from Indian investors.
During financing round Buildit also sold its stake to the new investors, after successfully helping Velmenni to kickstart their development. The team took part of the Buildit Hardware Accelerator program
in autumn 2014, stayed in Estonia for a while, then moved to cooperate with Airbus in Hamburg.
Velmenni is developing a high-speed, highly secure wireless communication, using LiFi technology. LiFi uses the visible light spectrum to facilitate high speed data communication of up to 1GB/ps, which is faster than the present day WiFi speeds.
Led by the founder Deepak Solanki, Velmenni
is now piloting the technology in India and is in talks with major clients around the world. Buildit wishes all the best for the further development of the company. Rock on, Deepak!