Pharrowtech

The company's business model focused on designing and selling these high-tech components to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Their technology targeted fast-growing markets such as broadband 5G Fixed Wireless Access (FWA), consumer electronics like VR headsets, and smart city applications. Pharrowtech's key products included the PTR1060, an IEEE 802.11ay-compliant CMOS beamforming transceiver chip, and the PTM1060, a phased array antenna module. These products were designed to provide a low-cost, high-performance wireless alternative to fiber, offering gigabit-per-second speeds over the unlicensed 60 GHz spectrum. The firm successfully demonstrated its capabilities in field trials, achieving speeds of 1Gbps with partners like Telenet.

Pharrowtech raised a total of approximately $28.1 million over several funding rounds, including a €15 million Series A round in May 2022 led by Innovation Industries. Despite its technological advancements and successful trials, the company filed for bankruptcy in May 2025. The primary reason cited for the failure was insufficient commercial traction and slower-than-expected order growth in the FWA market, which could not justify further investment in a challenging funding climate.