|[September 25, 2013]
RANOVUS Announces $11 Million Round of Financing
OTTAWA, Ontario & SAN JOSE, Calif. --(Business Wire)--
RANOVUS Inc., a leading provider of multi-terabit interconnect solutions
for Data Center and communications networks, today announced the closure
of an $11 million round of financing.
RANOVUS' mission is to deliver innovative interconnect solutions to
enable a scalable infrastructure to keep pace with the ever-increasing
demand for fast, reliable and cost-effective network connectivity. Our
technology delivers significant reduction in power dissipation, size and
cost of interconnects, and enables a much lower latency compared to
"We started RANOVUS with a world-class team of technologists and
marketers to address the ever increasing challenge of cost-effectively
scaling Data Center networks. Our platform technology enables Data
Center operators to achieve cost-effective, power efficient and low
latency connectivity from 100Gb/s to multi Tb/s," said Hamid Arabzadeh,
RANOVUS' Chairman, President and CEO. "We are delighted to have such
reputable global investors as Azure Capital Partners, T-Venture, BDC
Venture Capital, and OMERS Ventures sharing our vision and investing in
RANOVUS as we enter the market validation phase of our disruptive
RANOVUS' product platform is enabled by the company's innovation in
Quantum (News - Alert) Dot Multi-Wavelength Laser technology combined with advanced
digital and photonics integrated circuit technologies.
"Over the last decade we have invested and closely partnered with
emerging technology leaders that have transformed the landscape of the
communications industry. RANOVUS's solutions enable a high capacity
platform for cost-effective terabit interconnectivity-- a reality that
is required for the new cloud computing infrastructure" said Paul
Ferris, founding General Partner, with Azure Capital Partners. "The
RANOVUS team are veterans in the industry and have already delivered key
technology milestones while partnering closely with leading data center
players, network operators and OEMs to deliver their first market
"There has never been a better time to invest in companies that address
global resource, productivity and efficiency challenges. RANOVUS is such
a company, commercializing innovative technology" stated Larry Lam,
Partner with the BDC Venture Capital Energy/Cleantech Fund. "Their
ability to raise this level of funding from a series of tier-1 investors
is a testament to their value proposition. I'm very excited to join the
team as a member of the board of directors and look forward to
supporting the company in its exciting journey."
RANOVUS will utilize the new round of financing to execute on the
company's innovative roadmap, its expansion plan to support product
delivery and ramp up its leading interconnect solutions.
RANOVUS, with operations in Ottawa, Canada and San Jose, USA, is a
solution provider for the next generation interconnects for the
telecommuications and information technology industries. RANOVUS'
current disruptive portfolio includes Quantum Dot Multi-Wavelength Laser
technology and advanced digital and photonics integrated circuit
technologies that are setting a new industry benchmark for the lowest
power dissipation, size and cost for the next generation of optical
The company was founded in February 2012 and has received financing from
leading venture capital firms including Azure Capital Partners,
T-Venture, BDC Venture Capital, OMERS Ventures, and MaRS Investment
Accelerator Fund. Additional information about RANOVUS can be found at www.ranovus.com.
For more information please contact:
Chief Marketing and Sales Officer
About Azure Capital Partners
Founded in 2000, Azure is a San Francisco-based venture capital firm
with over $750 million under management. Azure invests in early stage
technology companies that are at the forefront of a transformative
opportunity for growth. Azure's portfolio companies have included some
of the most successful and important technology companies created in the
last decade, such as VMware (NYSE: VMW), Bill Me Later (acquired by
eBay), Calix (NYSE: CALX), Cyan (NYSE: CYNI), Top Tier (acquired by
SAP (News - Alert)), TripIt (acquired by Concur) and World Wide Packets (acquired by
T-Venture is the Venture Capital Company of Deutsche Telekom (News - Alert) and was
founded in 1997. The headquarters is in Bonn. They are supported and
complemented by T-Venture of America, Inc. in San Francisco and Seattle.
Investment activities focus on Europe, the United States and Israel.
T-Venture today is one of the leading Corporate Venture Capital
companies worldwide. Since its inception, T-Venture has invested in more
than 190 companies and accomplished more than 20 very successful exits.
Top executive involvement in the T-Venture Supervisory Board and
Investment Committees ensure strong alignment with Deutsche Telekom.
About BDC Venture Capital
With more than $1 billion under management and more than 25 years of
industry experience, BDC Venture Capital is an investor of choice
focusing on venture funds as well as IT, healthcare, and energy/clean
technology companies with high growth potential. From seed through
expansion to exit, our mandate is to help build outstanding Canadian
companies, while working to create a sound financial ecosystem for
Canadian technology ventures. Find out more at www.bdc.ca/vc or
on Twitter (News - Alert) @BDC_VC.
Media contact information:
About OMERS Ventures
OMERS Ventures (Twitter: @OMERSVentures) is the venture capital
investment arm of OMERS, one of Canada's largest pension funds with
nearly $61 billion in net assets. It is an initiative of OMERS Strategic
Investments (OSI), an investment entity with a mandate to build
long-term strategic relationships with like-minded partners. As both an
institutional angel investor and a later-stage investor, OMERS Ventures
is looking for successful companies with significant growth potential
and market opportunities. We are seeking like-minded partners with a
shared vision of building a vibrant and successful knowledge economy.
For more information please visit www.omersventures.com.
Media contact information:
About MaRS Investment Accelerator Fund
The Investment Accelerator Fund (IAF) (@MaRSIAF)
provides seed funding to qualified emerging companies in Ontario. A
critical component of the Ontario Network of Entrepreneurs (ONE), the
IAF supports the launch and development of innovative companies in
Ontario's priority sectors of advanced materials and manufacturing,
information technology, cleantech and life sciences. To learn more,
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