Live discussion: Harald Haas, co-founder of PureLifi

Harald Haas, co-founder of Edinburgh-based PureLifi

Harald Haas, co-founder of Edinburgh-based PureLifi

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Harald Haas, the co-founder PureLifi, will be speaking to The Scotsman today about the Edinburgh-based firm’s technology, which uses light instead of radio waves to transmit data,

PureLifi, which was spun out from the University of Edinburgh in 2012, raised £1.5 million from investors earlier this year, valuing the company at more than £14m.

Haas, the firm’s chief science officer, is credited with coining the term “LiFi”, and US market researchers have estimated that the industry could be worth almost $9.3 billion (£6bn) by 2020.

Marcus Noble, director of Edinburgh-based finance boutique Quest Corporate, which managed PureLifi’s funding round, has tipped the business as a candidate for an initial public offering, potentially worth “hundreds of millions of dollars”.

The Google Hangout will take place at 11am today.

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