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.