Ofidium Secures A$6M Series A Funding for 100 Gigabit-per-second Telecommunications
Summary
MELBOURNE, Australia Ofidium, a pioneer in increased bandwidth and reduced costs for telecommunications networks, has secured A$6 million Series A investment from Starfish Ventures. Telecommunications carriers face a major challenge to support continued growth in bandwidth demand throughout the network without a cost explosion. Ofidiums optical OFDM transceiver modules for dense wavelength-division multiplexing (DWDM) systems are set to become the technology of choice for 100 Gbit/s telecommunications. Ofidiums patented optical OFDM technology was pioneered by Professors Jean Armstrong and Arthur Lowery of Monash University. Its application in optical networks will revolutionize the way the telecommunications industry increases bandwidth, said Michael Panaccio, Investment Principal at Starfish Ventures, and we are delighted to support Ofidiums strong management team to commercialize this breakthrough technology.