Peraso (PRSO) Planet MicroCap Showcase: Toronto 2026 summary

Technology and differentiation

• Fabless semiconductor operation, incorporated in 2008; more than 2 million chips sold worldwide and 60+ patents.

• 60 GHz millimeter-wave beamforming concentrates RF energy into narrow, stealthy beams; claimed benefits include resistance to jamming, reduced interference, high node density and ~3 Gbps data rates.

• Typical range cited at ~1 km, extendable to 25–30 km with suitable antenna technology; speaker described high efficiency and improved battery life.

• Integrated modules combine phased-array antennas, RF and baseband circuits, PCB design and embedded software, simplifying customer deployment of technically demanding millimeter-wave systems.

• Competitive moat framed around difficult execution, production experience and patents covering software and antenna architectures, including IEEE standard-essential claims requiring licenses.

Markets and commercial traction

• Fixed wireless access serves high-speed internet; Ubiquiti’s 60 GHz product line is based on the silicon, with ~60 products in the market across OEMs.

• CEO cited 25% growth for the standard millimeter-wave market and pointed to Verizon’s announced shift of fixed wireless customers to millimeter wave, freeing lower bands for mobility.

• Secure military communications, especially drones, is a growth focus; speaker cited relationships in Ukraine and the Middle East and described the signal as difficult to detect and jam.

• Physical AI is at proof-of-concept stage, with testing for robot and autonomous-device links; beamforming can support dense deployments and transfer large data volumes to data centers.

Product development and applications

• Drone links currently reach ~5 km; swarm links are typically ~1 km. A proposed ~$5m R&D effort would increase phased-array elements from 16 to as many as 256 to target 30 km.

• Chip development for the 30 km target was scheduled to start the following week; CEO described an aggressive schedule and said the design’s feasibility was supported by the underlying calculations.

• Software work is underway for dynamic drone swarms, including a concept linking a larger drone to smaller drones and connecting the larger platform to a satellite network.

• Friendly-fire avoidance is being tested with the IDF: a drone sends an initiator signal and identifies ground units that respond; the same approach could identify non-cooperating drones.