Peraso Business Summary

Peraso Inc. (PRSO) is a fabless semiconductor firm that generates revenue through the sale of proprietary millimeter-wave (mmWave) wireless chipsets and antenna modules, supplemented by non-recurring engineering (NRE) services and intellectual property (IP) licensing. The company’s business model is centered on the 60 GHz spectrum, with primary segments serving Fixed Wireless Access (FWA), tactical defense communications, and multi-gigabit wireless video markets. Having strategically phased out its legacy memory IC business, Peraso now operates as a pure-play mmWave innovator. It competes against industry giants such as Qualcomm and Broadcom, as well as specialized players like Sequans Communications and Nordic Semiconductor. Peraso maintains a competitive edge in this landscape by providing highly integrated, low-latency solutions for niche high-bandwidth applications that require specialized 60 GHz optimization often overlooked by broader market competitors. The leadership team is anchored by co-founders Ronald Glibbery (CEO), Bradley Lynch (COO), and Alexander Tomkins (CTO), who established the original Peraso Technologies in 2009. Glibbery brings an extensive pedigree from executive roles at Intellon and LSI Logic, while Lynch and Tomkins contribute deep expertise in wireless system architecture and engineering. The executive suite is further supported by CFO James Sullivan, a veteran of MoSys and 8x8, and Chief Revenue Officer Mark Lunsford. Peraso’s board is notably distinguished by the presence of Cees Links—a wireless industry pioneer widely recognized for his role in the development of Wi-Fi—who joined in late 2025. Other key directors include Andreas Melder and Robert Newell, who provide strategic governance as the company navigates its transition toward scaling mmWave production for global infrastructure and defense contracts.