Ofidium secures funding for 100-Gbps telecommunications
MARCH 4, 2009 -- Startup Ofidium today announced that it has secured A$6 million in Series A investment from Starfish Ventures. Ofidium says it will use the funds to commercialize its optical orthogonal frequency-division multiplexing (OFDM) technology to enable 100-Gbps transmission over existing telecommunications infrastructure.
MARCH 4, 2009 -- Startup Ofidium today announced that it has secured $6 million in Series A investment from Starfish Ventures. Ofidium says it will use the funds to commercialize its optical orthogonal frequency-division multiplexing (OFDM) technology to enable 100-Gbps transmission over existing telecommunications infrastructure.
"Telecommunications carriers face a major challenge to support continued growth in bandwidth demand throughout the network without a cost explosion," explains Jonathan Lacey, Ofidium's CEO. "Ofidium's optical OFDM technology solves this challenge."
Ofidium says its optical OFDM technology provides highly cost-efficient capacity growth for new optical fiber and dramatic performance improvements for existing network infrastructure. The company claims OFDM is the dominant technology in a range of other communications applications and says it is leading the application of OFDM to optical data transmission for telecommunications.
Ofidium believes its optical OFDM transceiver modules for DWDM systems are set to become the technology of choice for 100-Gbps telecommunications.
Ofidium's patented optical OFDM technology was pioneered by Professors Jean Armstrong and Arthur Lowery of Australia's Monash University. Professor Armstrong is an innovator in OFDM systems, and Professor Lowery, Ofidium's founder and CTO, is a leading innovator in optical technology. Ofidium maintains a close relationship with Monash University via a research contract.
"Optical OFDM will have a global impact on telecommunications," reports Professor Edwina Cornish, Monash University's deputy vice chancellor of research. "Monash University is proud to be supporting Ofidium in taking this ground-breaking Monash research to market," she says.
"We believe Ofidium's optical OFDM technology is a major leap in technology development," adds Michael Panaccio, investment principal at Starfish Ventures. "Its application in optical networks will revolutionize the way the telecommunications industry increases bandwidth, and we are delighted to support Ofidium's strong management team to commercialize this breakthrough technology."