Temasek leads financing for pureLiFi - a firm that delivers internet by light

A staff member walks past Temasek Holdings logo on July 7. Temasek leads financing for PureLiFi in tech expansion.
A staff member walks past Temasek Holdings logo on July 7. Temasek leads financing for PureLiFi in tech expansion. PHOTO: REUTERS

SINGAPORE (REUTERS) - Singapore state investor Temasek Holdings has invested in pureLiFi, a company working on providing high-speed internet access through light, the technology firm said.

Temasek is the lead investor in the latest round of financing for Edinburgh-based company.

PureLiFi said in a statement the funding would support development and commercialisation of LiFi, which uses visible light instead of radio frequencies to deliver high-speed wireless data.

It did not specify the value of Temasek's investment and Temasek declined to comment on the amount. The company has raised more than US$10 million to date.

Temasek is increasing its investments in the technology sector and trimming financials after the value of its portfolio slumped S$24 billion in the past year, the most since 2009.