Peraso Inc. is a fabless semiconductor company. The Company is focused on the development and sale of semiconductor devices and millimeter wavelength wireless technology (mmWave) antenna modules based on its semiconductor devices and performance of non-recurring engineering (NRE) services and licensing of intellectual property (IP). The Company’s primary focus is the development of mmWave, which is generally a frequency band from 24 Gigahertz (GHz) to 300GHz. Its mmWave products enable a range of applications, including multi-gigabit point-to-point, wireless links with a range of up to 25 kilometers and operating in the 60GHz frequency band; multi-gigabit point-to-multi-point, links in the 60GHz frequency band used to provide fixed wireless access (FWA) services; FWA in the fifth generation (5G) operating bands from 24GHz to 43GHz to provide multi-gigabit capability and low latency connections, and consumer applications, such as wireless video streaming and others.